The update says Jack Dorsey’s Block added $8 million in Bitcoin, bringing the company’s total Bitcoin holdings to approximately $691 million.
Block, the company associated with Jack Dorsey, has purchased $8 million worth of Bitcoin, according to the provided update. The report says the company’s total Bitcoin holdings now stand at approximately $691 million. The purchase adds to Block’s existing exposure to Bitcoin, a digital asset that some companies hold on their balance sheets as part of treasury strategy or long-term investment positioning.