Jack Dorsey's Block nears 9,000 BTC in treasury after Q1 addition
CoinDesk
Block, led by Jack Dorsey, increased its corporate bitcoin treasury to 8,997 BTC following a first-quarter purchase of 114 BTC.Summary
Block, the payments firm co-founded by Jack Dorsey, has increased its corporate bitcoin holdings to 8,997 BTC after acquiring an additional 114 BTC during the first quarter. This stash is valued at approximately $691 million. When accounting for the 19,357 BTC held on behalf of customers, the company's total bitcoin responsibility reaches 28,355 BTC, or roughly $2.2 billion. To enhance transparency, Block launched a proof-of-reserves dashboard allowing independent verification of its wallet addresses, and it intends to issue regular third-party audit reports.
(Source：CoinDesk)