Gate News message, April 28 — Block Inc., the fintech company led by Jack Dorsey and operator of 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 was confirmed by third-party auditors.

Of the total holdings, approximately 19,357 BTC ($1.5 billion) are held on behalf of customers, while corporate holdings total 8,997 BTC, worth about $692.3 million. The company stated that "using on-chain signatures, anyone can independently confirm Block's holdings. Reserves are actively controlled, not just historically observed."

Block is scheduled to release its first-quarter 2026 earnings on May 7. In Q4 2025, the company reported net income of $115.7 million, compared with $1.9 billion in Q4 2024. Block's stock closed 0.49% lower at $71.28 on Monday but remained up 24.9% over the past month.