Just saw Block released their proof of reserves showing they're holding around 28,355 BTC worth roughly $2.2 billion as of end of Q1 2026. That's a pretty solid amount. Interesting breakdown too - about 19,357 BTC (1.5B) are client funds, while the company itself is sitting on nearly 9,000 BTC in their treasury which comes to around 696 million. With the latest BTC prices hovering near 81K, Block's reserve position is looking pretty substantial. The fact that they're being transparent about this, especially with earnings season coming up, shows they're taking the proof of reserves thing seriously. Most of that is client money which makes sense for a payment company, but their own treasury holdings are nothing to scoff at either.

BTC2.28%
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