Block Inc., the company led by Jack Dorsey, has acquired an additional 108 Bitcoin for $12.6 million in Q2 2025. This purchase brings Block's total Bitcoin holdings to 8,692 BTC, now valued at over $1 billion. The acquisition solidifies Block's position as a major corporate holder of Bitcoin.
This move is consistent with Dorsey's long-held belief in Bitcoin as a tool for financial empowerment. The company's recent SEC filing shows that this strategy is paying off; Block recorded a $212.2 million revaluation gain on its Bitcoin holdings in Q2, a significant improvement from the $70.1 million loss a year earlier. This financial performance, along with $6.05 billion in Q2 revenue, demonstrates Block's confidence in Bitcoin's long-term value despite market fluctuations.
Block's platform, Cash App, also played a key role in retail crypto adoption by generating $2.14 billion in Bitcoin sales. Analysts believe that these large-scale corporate purchases could help stabilize Bitcoin's market and inspire other companies to consider adding cryptocurrency to their own treasury strategies.
August 2025, Cryptoniteuae