- Block holds 28,355 BTC worth about $2.2 billion
- Majority belongs to customers, not the company
- Report verified through proof-of-reserves
- Move highlights growing focus on transparency
Block Reveals Bitcoin Holdings
Block Inc., led by Jack Dorsey, disclosed total Bitcoin holdings of 28,355 BTC in its latest report.
This includes both corporate holdings and customer assets held through its platforms.
Breakdown of Holdings
Out of the total, around 19,357 BTC is held on behalf of customers, while the company itself owns about 8,997 BTC.
The total value of these holdings is estimated at around $2.2 billion.
Focus on Transparency
Block used a proof-of-reserves model, allowing anyone to verify its holdings onchain.
This approach became more common after the collapse of FTX, as companies try to rebuild trust.
Balancing Transparency and Risk
While some in the industry support proof-of-reserves, others have warned that sharing too much onchain data could create security risks.
Still, Block is positioning itself as a more transparent player in the space.
