Update
Block Adds Bitcoin Holdings to Corporate Treasury
Block Inc., the payments company formerly known as Square, added 120 Bitcoin to its corporate balance sheet during the third quarter of 2026, bringing its total holdings to 9,237 BTC. The purchase was funded by reinvesting part of the gross profit generated by its Bitcoin ecosystem, which runs mainly through Cash App transactions. Despite a 50% year-over-year decline in Bitcoin ecosystem gross profit to $52 million, Block's overall gross profit for the quarter increased by 22% to $3.24 billion. The company, trading on the NYSE under the ticker XYZ, has been accumulating Bitcoin since October 2020 for its corporate treasury, with a strategy based on profit generation rather than speculative trading.