Block Expands Bitcoin Holdings to 9,117 BTC After S&P 500 Entry

Block Inc., led by Jack Dorsey, has expanded its Bitcoin holdings by 85 BTC, bringing its total to 9,117 BTC and moving it to 15th place in the Bitcoin 100 corporate holdings ranking.

The company's latest purchase was made just under three weeks after joining the S&P 500 index as the second crypto-focused company to enter the benchmark U.S. stock index, following Coinbase.

Block's strategy involves holding Bitcoin on its balance sheet alongside integrating it across several business lines, including Cash App, which enables users to buy and sell BTC, and Bitkey, a self-custody wallet designed for individual users.