Just saw Block released their proof of reserves and honestly the Bitcoin holdings are wild - 28k+ BTC worth around $2.2 billion as of Q1. That's serious money sitting on their balance sheet. Nearly $1.5B of that is client funds they're holding, and the company's own treasury has almost $700M in Bitcoin. Makes you wonder how this factors into Block's overall valuation when people are pricing the stock. At current prices that's a pretty substantial asset position. Curious if the market is actually pricing in the full value of their crypto holdings or if there's something being overlooked here.