Block Adds 85 BTC to Treasury, Surpasses 9,000 Mark

Block Inc., led by Jack Dorsey, has increased its corporate Bitcoin treasury to 9,117 BTC after adding 85 BTC in a recent purchase. This move positions Block as the 15th largest public holder of Bitcoin.

The company made this purchase weeks after entering the S&P 500 index as the second crypto-focused company to join the benchmark U.S. stock index.

Block's strategy involves holding Bitcoin on its balance sheet and integrating it across various business lines, including through its payment processing platform Cash App, which enables users to buy, sell, and transfer Bitcoin.