Block Reveals $2.2B in Bitcoin, Launches Public Verification System
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April 27: Block launched a public proof-of-reserves dashboard enabling on-chain verification and disclosed 28,355 BTC (~$2.2B) held across customer funds and corporate treasury (security, transparency). - Simultaneous product updates for Cash App, Square and Bitkey push everyday Bitcoin payments and self-custody, signaling increased crypto adoption and potential positive market impact.
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- Block launches proof-of-reserves dashboard, letting users verify its Bitcoin holdings in real time.
- Firm reveals 28,355 BTC worth $2.2B, split between customer funds and corporate treasury.
- New Cash App, Square, and Bitkey features aim to drive everyday Bitcoin payments and use.
Block Inc., led by Jack Dorsey, has rolled out a new proof-of-reserves system, giving the public a clearer view into its Bitcoin holdings. At the same time, the firm is pushing deeper into everyday Bitcoin use.
The update, announced on April 27, combines transparency tools with new products across Cash App, Square, and its self-custody wallet Bitkey.
Block Opens Its Bitcoin Holdings for Public Verification
At the center of the announcement is a proof-of-reserves dashboard that allows users to independently verify Bitcoin balances held by Block.
The system uses blockchain-based cryp…
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