9-8-2025 – Block Inc., led by Jack Dorsey, acquired 108 Bitcoin for $12.6 million in Q2 2025, pushing its total holdings to 8,692 BTC, valued at over $1 billion, according to the company’s recent SEC filing, this move cements Block’s position as a leading corporate Bitcoin holder.
The purchase aligns with Dorsey’s vision of Bitcoin as a tool for financial empowerment, with the company integrating the asset into its treasury strategy since 2020. The latest acquisition, part of Block’s ongoing accumulation plan, contributed to a $212.2 million revaluation gain in Q2, a stark contrast to last year’s $70.1 million loss. This financial uptick, coupled with $6.05 billion in Q2 revenue, reflects Block’s confidence in Bitcoin’s long-term value, despite market volatility.
Block’s Cash App also generated $2.14 billion in Bitcoin sales, reinforcing its role in retail crypto adoption. As one of the top corporate Bitcoin holders, alongside firms like MicroStrategy, Block’s actions signal growing institutional trust in the cryptocurrency. Analysts note that such large-scale purchases could stabilize Bitcoin’s market by setting a potential price floor, while also encouraging other companies to explore crypto as a treasury asset.
