Block Holds 8,883 Bitcoin Worth $691M, Shares Slump 70% Over Five Years
Block increased Bitcoin holdings to 8,883 BTC worth $691M in Q1, bringing total assets (including customer balances) to 28,355 BTC valued at $2.2B. Shares have slumped 70% over five years to $71.28, while its Square unit is rolling out Managerbot to more sellers.
1. Q1 Bitcoin Accumulation
Block added 114 Bitcoin during the first quarter, raising its direct holdings to 8,883 BTC valued at approximately $691 million. Including 19,472 BTC held on behalf of customers, total balances now stand at 28,355 BTC worth about $2.2 billion.
2. Long-Term Share Decline
The company’s stock has declined roughly 70% over the past five years, trading near $71.28 per share. This underperformance reflects broader market headwinds and ongoing volatility in fintech valuations.
3. Managerbot Expansion
Square’s Managerbot, an AI-powered business assistant, is being deployed to more Main Street sellers. The tool automates tasks like inventory tracking and sales analytics to help small merchants operate more efficiently.