Block Reveals $2.2 Billion Bitcoin Holdings in Q1 Proof‑of‑Reserves Report

Block, the cryptocurrency company founded by Jack Dorsey, disclosed a $2.2 billion Bitcoin holding in its first‑quarter proof‑of‑reserves report. The report was prepared as part of the firm’s efforts to enhance transparency in its asset‑management and accounting processes. It contains independent audit findings that confirm the full value of Block’s crypto assets and the secure safekeeping of those assets. While the report also disclosed the total value of other digital assets, it specifically noted that the Bitcoin holding amounted to $2.2 billion. The disclosure is viewed as a demonstration of Block’s strategy to comply with regulatory requirements and strengthen investor confidence. Following the release, the company stated its intention to raise transparency standards in the cryptocurrency market. This is not investment advice.