Block Inc., founded by Jack Dorsey, has reported that it currently owns 28,355 BTC. According to the firm’s latest quarterly report, the total value of its cryptocurrency holdings is roughly $2.1 billion. The report further reveals that Block continues to be committed to the principal cryptocurrency despite the growing maturity of digital assets.
Corporate reserves and customer growth
The Q1 2026 report clarifies the distinction between the firm’s proprietary investment and its role as a custodian. Of the total amount, Block held 8,997 BTC as part of its corporate balance sheet, while approximately 19,357 BTC were held specifically on behalf of its customers. This transparency is supported by the company’s updated proof-of-reserves, which provides a cryptographic guarantee that customer funds are fully backed.
Block’s data suggests a preference for Bitcoin’s perceived long-term stability. This growth in user assets serves as a key indicator of how mainstream financial tools are successfully bridging the gap for non-native crypto users.
Meanwhile, Block Inc. has reduced its workforce from 10,000 to under 6,000, embracing AI-driven restructuring. Dorsey argues that smaller, flatter teams are more efficient. Despite the layoffs, Block’s stock surged 31% following strong Q4 earnings and a 24% gross profit increase.
Strategic shifts in institutional custody
Block’s latest disclosure comes amid debates over self-custody versus institutional management. While many early adopters advocate for private wallets, the $1.5 billion in Bitcoin held by Block for its users indicates a massive demand for “hands-off” management.
The company’s strategy appears to be paying off, as it continues to integrate Bitcoin into its core ecosystem, from TBD’s decentralized web initiatives to Bitkey, its self-custody solution. By providing both custodial and non-custodial options, Block is positioning itself as a versatile leader in the global transition to a Bitcoin-standard economy.
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