Block Inc price
Price chart for Block Inc (XYZ) with a time-range selector. Between October 13, 2025 and October 12, 2026, XYZ hit a high of 83.57 USD on August 24, 2026 and a low of 49.80 USD on February 9, 2026, a +2.2 % change over the period.
View the chart data (12 closes)
| Date | Close |
|---|---|
| 75.20 USD | |
| 61.95 USD | |
| 65.33 USD | |
| 66.83 USD | |
| 63.70 USD | |
| 59.78 USD | |
| 71.81 USD | |
| 68.15 USD | |
| 77.30 USD | |
| 82.88 USD | |
| 79.21 USD | |
| 76.82 USD |
Source: Yahoo Finance · data updated October 13, 2026.
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Acquisition History
Treasury Metrics
What is Block Inc?
Block, Inc. (formerly Square), the payments company founded by Jack Dorsey, holds close to 9,000 BTC in its corporate treasury. It bought Bitcoin for the first time in October 2020 and integrates the asset into its products —Cash App, the Bitkey self-custody wallet and its mining business—. It trades in New York under the ticker XYZ and publishes proof-of-reserves of its holdings.
History and model
Block was born in 2009 as Square, the merchant payments company founded by Jack Dorsey (co-founder of Twitter) and Jim McKelvey. Over the years it expanded with Cash App, one of the largest financial apps in the United States, and in 2021 rebranded as Block to reflect its bet on blockchain. In 2025 it changed its ticker from SQ to XYZ on the New York Stock Exchange. Jack Dorsey serves as CEO and is one of the most visible Bitcoin advocates in the corporate ecosystem.
Bitcoin strategy
Block bought Bitcoin for the first time in October 2020 (4,709 BTC for about $50 million) and added to the position in February 2021 (3,318 BTC for about $170 million). It has made no large treasury purchases since then, holding around 8,997 corporate BTC. In 2024 it also announced a recurring purchase (dollar-cost averaging) program that directs a percentage of the gross profit from Cash App's Bitcoin business toward systematically accumulating BTC.
Bitcoin in the product
What sets Block apart from a pure treasury is that it builds Bitcoin into its products, not just its balance sheet: Cash App lets millions of users buy, sell and withdraw BTC; Bitkey is its hardware self-custody wallet; and its mining division develops chips and systems to decentralize the network. Block is therefore a case of a company that builds on Bitcoin in addition to holding it in reserve.
Position on SatsIntel
In the SatsIntel directory, Block is a treasury with BTC on its balance sheet backed by a large, profitable operating business, which makes its [mNAV](/en/mnav) not very meaningful: most of its value comes from Cash App and Square, not the Bitcoin reserve. Its regular proof-of-reserves publishing makes it one of the most transparent treasuries in the directory. The ["Bitcoin treasury companies 2026"](/en/blog/bitcoin-treasury-companies-list-2026) pillar places it in context.
Frequently asked questions
How much Bitcoin does Block hold?
Block holds around 8,997 BTC in its corporate treasury (Q1 2026 data). Including customer assets custodied through Cash App, the total under its control is around 28,355 BTC, but the relevant figure as a treasury is the corporate one.
When did Block buy its Bitcoin?
Block (then Square) bought Bitcoin for the first time in October 2020, with 4,709 BTC for about $50 million, and added to the position in February 2021 with 3,318 BTC for about $170 million. It was one of the first large listed companies to join the Bitcoin treasury model.
What is Bitkey?
Bitkey is the hardware self-custody wallet developed by Block, designed so users can store their own Bitcoin without relying on a third party. It is part of the company's bet on building products on Bitcoin, beyond holding it on its balance sheet.
Why did Block change its ticker to XYZ?
After rebranding from Square to Block in 2021 to reflect its blockchain bet, the company updated its stock ticker from SQ to XYZ in 2025, aligning its market identity with the new brand. It trades on the New York Stock Exchange.
Is Block still buying Bitcoin?
Yes, systematically and at small scale. In 2024 Block adopted a recurring purchase (dollar-cost averaging) program that directs a percentage of the gross profit from Cash App's Bitcoin business toward accumulating BTC, instead of the large one-off treasury buys of 2020-2021.
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Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.