Gate News message, April 28 — Block Inc., the fintech company led by Jack Dorsey and home to Square and Cash App, published its first-quarter proof-of-reserves report on Monday, disclosing total bitcoin holdings of 28,355 BTC, worth approximately $2.2 billion as of the end of March 2026. The report, confirmed by third-party auditors, covers assets held through the company’s corporate treasury, Square, and Cash App.
Among the total holdings, approximately 19,357 BTC ($1.5 billion) were held on behalf of customers, while corporate holdings totaled 8,997 BTC, valued at roughly $692.3 million. The company stated that using on-chain signatures, anyone can independently verify Block’s holdings, emphasizing that reserves are actively controlled rather than historically observed.
The disclosure reflects a broader industry trend toward transparency following the FTX collapse, with many crypto firms adopting proof-of-reserves measures. Block is expected to announce its first-quarter 2026 earnings results on May 7. In the fourth quarter of 2025, the company reported net income of $115.7 million, compared with $1.9 billion in the same period of 2024. Block’s NYSE-listed shares closed 0.49% lower at $71.28 on Monday but remained up 24.9% over the past month.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitbank Launches Crypto-Linked Credit Card Allowing BTC Payments in Japan
Gate News message, April 28 — Japanese crypto exchange Bitbank has partnered with EPOS Card, the fintech arm of Marui Group, to launch the "EPOS Crypto Card for Bitbank," marking Japan's first credit card that enables direct settlement from crypto exchange balances. The card allows users to
GateNews20m ago
Saipan Woman Sentenced to 71 Months for Bitcoin Fraud Targeting Senior Victims
Gate News message, April 28 — A 30-year-old woman from Saipan, Sze Man Yu Inos (also known as "Yuki"), was sentenced to 71 months in federal prison for a bitcoin-related wire fraud scheme, according to a statement from the U.S. Department of Justice released on Monday. The court also ordered
GateNews52m ago
Bitcoin Inter-Exchange Flow Pulse Surges 136% Since March Low, 7-Day Average Crosses 30-Day Line
Gate News message, April 28 — According to on-chain analyst Axel Adler Jr, Bitcoin's inter-exchange flow pulse has surged 136% since its March low, with the 7-day moving average crossing above the 30-day moving average for the first time in several months.
The metric shift signals a reorientation t
GateNews1h ago
Bitcoin spot ETF ends 9-day streak of net inflows: Yesterday recorded total net outflows of $263 million
Bitcoin spot ETF ended a 9-day streak of net inflows on April 27, with a single-day net outflow of $263 million. This article reviews the flow of funds and looks back at BTC price performance over the past 9 trading days and changes in market structure.
GateInstantTrends2h ago
On-Chain Whale Opens 20x Leveraged BTC Short Position Worth $23M, 16th Short This Month
Gate News message, April 28 — A major on-chain Bitcoin whale (address 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8) has opened a 20x leveraged BTC short position worth approximately $23 million, according to Hyperinsight monitoring. The position consists
GateNews2h ago
ZetaChain Pauses Cross-Chain Transactions After Smart Contract Attack
Layer 1 network ZetaChain has paused cross-chain transactions on its mainnet after identifying an attack on its GatewayEVM contract, according to The Block. The incident impacted only internal ZetaChain team wallets, with no user funds affected, the team stated. According to DefiLlama data, $300,000
CryptoFrontier2h ago
