Overview
- Block’s new dashboard, published Monday, shows responsibility for 28,355 BTC worth about $2.2 billion, including 8,997 BTC in its treasury and 19,357 BTC held for customers.
- The company posted wallet addresses and signed messages on-chain so anyone can confirm the coins exist, and it said independent auditors reviewed the point-in-time snapshot, which is not a full solvency audit.
- Block disclosed it added 114 BTC in the first quarter, lifting its corporate holdings to roughly 9,000 BTC, and it plans regular third-party reports.
- Cash App now lets selected users auto-convert incoming peer-to-peer payments into bitcoin, offers 5% “Bitcoin Back” on eligible Square merchant purchases, and raises withdrawal limits to $10,000 per day and $25,000 per week.
- Block plans to demo NFC tap-to-pay Bitcoin transactions via Square at Bitcoin Las Vegas 2026 using the Lightning Network, with zero processing fees through 2026.