Just saw Block released their proof of reserves and the numbers are pretty solid. They're sitting on over 28,000 BTC right now, which comes out to around $2.2 billion worth. What caught my eye is the breakdown - clients are holding about 19,000 of those coins while the company treasury has nearly 9,000. That's a decent amount of Bitcoin on their balance sheet for a payment company like Square. The timing of this disclosure is interesting too, especially as we're seeing more pressure for transparency across the sector. Definitely worth keeping an eye on how this plays out in the premarket and beyond.

BTC-0.78%
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