Financial technology company Block (NYSE: $XYZ) now owns nearly 9,000 Bitcoin (CRYPTO: $BTC) after increasing its buying of the digital asset during this year’s first quarter.
Block added 114 Bitcoin during Q1, bringing its holdings to 8,883 BTC, worth $691 million U.S., according to the company.
Including the 19,357 Bitcoin held on behalf of customers, the payments firm co-founded by Jack Dorsey said that it now holds a total of 28,355 BTC, worth $2.2 billion U.S. at current prices.
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Block, the owner of the Square and Cash Apps, said the latest Bitcoin tally reflects its balances as of March 31, 2026, and is backed by third-party audit checks and cryptographic signatures.
The company publishes wallet addresses and signed messages onchain, allowing anyone to confirm ownership.
While still primarily known for its financial apps, Block, under Dorsey’s leadership, has fully embraced cryptocurrencies.
The company went so far as to rebrand and change its name from Square previously to Block, which reflects its focus on blockchain technologies.
XYZ stock has declined 70% over the last five years to trade at $71.28 U.S. per share.