Gate News message, April 28 — Block Inc., the fintech company behind Square and Cash App, published its first-quarter proof-of-reserves report on Monday, disclosing total bitcoin holdings of 28,355 BTC, valued at approximately $2.2 billion as of the end of March 2026.
Among the total holdings, approximately 19,357 BTC ($1.5 billion) were held on behalf of customers, while corporate holdings totaled 8,997 BTC, worth about $692.3 million. The report was confirmed by third-party auditors and covers assets held through Block’s corporate treasury, Square, and Cash App.
Block emphasized the importance of transparency, stating that users “shouldn’t have to trust that their bitcoin is there, they should be able to verify it.” The company noted that using on-chain signatures, anyone can independently confirm Block’s holdings, which are actively controlled rather than historically observed.
Block is scheduled to release its first-quarter 2026 earnings on May 7. The company’s NYSE-listed shares closed 0.49% lower at $71.28 on Monday but have gained 24.9% over the past month.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Colombia's Largest Pension Fund Launches Bitcoin ETF Product with $25 Minimum Investment
Gate News message, April 28 — Porvenir, Colombia's largest pension fund manager, has launched a Bitcoin investment product offering indirect exposure to BTC through BlackRock's spot Bitcoin ETF (IBIT). The "Crypto Porvenir Portfolio" is designed for voluntary retirement accounts, with a minimum inve
GateNews41m ago
Bitcoin ETFs See $202.41M Daily Outflow, Ethereum and Solana ETFs Also Record Net Withdrawals
Gate News message, according to the April 28 update, Bitcoin ETFs recorded a single-day net outflow of 2,663 BTC (valued at $202.41 million), while the 7-day net flow showed an inflow of 3,725 BTC (valued at $283.18 million). Ethereum ETFs saw a single-day net outflow of 27,316 ETH (valued at $62.23
GateNews50m ago
Amboss Launches RailsX, Lightning-Native P2P Platform for Self-Custodial Bitcoin and Stablecoin Trading
Gate News message, April 28 — Amboss Technologies launched RailsX, a peer-to-peer Bitcoin and stablecoin trading platform built natively on the Lightning Network. The platform enables users to trade Bitcoin against stablecoins while retaining full self-custody, with no centralized order book and no
GateNews1h ago
Bitcoin Funding Rate Holds at 0.0006% Across Network, Major CEXs Show Varied Rates
Gate News message, April 28 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network stands at 0.0006%.
Among major trading platforms, rates vary: a leading CEX shows 0.0053%, another major platform 0.0043%, while a third records -0.0008%. Gate's funding rate
GateNews1h ago
Suspense over Federal Reserve power transition: Worsening policy rifts under Wush, analysis of risks to independence and the balance sheet path
Market expectations are intensifying for Wosh to take over as the chair of the U.S. Federal Reserve, as a survey shows that disagreements over his independence and policy direction have grown. This article analyzes the risks to independence and the potential paths for the rate-cutting and balance-sheet runoff.
GateInstantTrends2h ago
NYSE Arca proposal: Crypto ETF 85% qualifying asset threshold—BTC, ETH, SOL, XRP clear the bar
According to a report by News.Bitcoin.com on April 28, NYSE Arca, a subsidiary of the New York Stock Exchange, has submitted an amendment proposal to the U.S. Securities and Exchange Commission (SEC) regarding Rule 8.201-E (Generic). The SEC published a notice on April 27 to solicit public comments. The core of the proposal is to set a quantitative “qualified asset threshold” for crypto ETF trusts.
85% threshold: the specific definition of qualified assets
The core provision of the proposal is: at least 85% of the trust’s net assets (NAV) must hold “qualified assets” that are permitted under the rules as they currently exist, including:
commodities
commodity-based derivatives (commodity-based
ChainNewsAbmedia3h ago
