Just saw that Block dropped their proof of reserves report and the numbers are pretty interesting. Jack Dorsey's payment company is holding 28,355 BTC in total, which comes out to roughly $2.2 billion at the prices from late Q1. What caught my eye is how they break it down - about 19,357 BTC is actually held for their clients (that's around $1.5B), while Jack Dorsey's company itself has about 9,000 BTC sitting in their treasury, worth close to $700 million. Solid proof of reserves showing they've got the assets to back things up. Interesting to see a payment company like Block being this transparent about their crypto holdings these days.

BTC-0.06%
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