Just caught that Block dropped their proof of reserves, and the numbers are pretty substantial. Jack Dorsey's payment company is sitting on over 28,000 BTC as of Q1 end - that's roughly $2.2 billion worth. What's interesting is the breakdown: about 19,000 BTC is held for clients while Block keeps nearly 9,000 in their own treasury. The client holdings alone represent around $1.5 billion, with the company's stash worth close to $700 million. It's one of those things that shows how seriously some of these payment platforms are taking their Bitcoin exposure. Definitely worth noting if you're tracking institutional Bitcoin accumulation.

BTC-1.32%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin