Block Inc. is set to join the S&P 500 this week, marking a significant milestone for crypto firms in mainstream finance, following Coinbase's earlier inclusion.
Block Inc., co-founded by Jack Dorsey, will join the S&P 500 this week, becoming the second crypto-focused company added to the index. It holds over 8,500 BTC and reinvests 10% of Bitcoin profits monthly. This move signifies a growing acceptance of crypto firms in traditional finance.