
The latest purchase lifts Jack Dorsey's company to 15th place among public corporate Bitcoin holders and extends a treasury strategy tied to its broader Bitcoin business.
Block Inc. has added 85 Bitcoin to its corporate treasury, taking its holdings to 9,117 BTC and placing the Jack Dorsey-led company 15th in Bitcoin Treasuries.NET's ranking of public corporate holders. The purchase comes less than three weeks after Block joined the S&P 500 as the second crypto-focused company in the benchmark index after Coinbase. Block has previously said it allocates 10% of monthly gross profit from Bitcoin-related products to additional Bitcoin purchases, underscoring a strategy that links its balance-sheet exposure to consumer, wallet and mining businesses across Cash App, Bitkey and Proto. The latest update did not disclose when the Bitcoin was bought, the price paid or the funding source.