Block acquired 234 Bitcoin during the first half of 2026, bringing its corporate Bitcoin holdings to 9,117 BTC by June 30, the company disclosed in a recent filing.
However, a sharp decline in Bitcoin prices pushed the value of the holdings down to approximately $534 million as of June 30, from about $777 million at the end of 2025. The fintech company co-founded by Jack Dorsey recorded over $260 million in losses on its Bitcoin investments during the first half of 2026.
The Bitcoin holdings were disclosed as part of Block’s second-quarter results, which showed continued momentum in its Cash App and Square businesses, helping offset weaker Bitcoin Ecosystem revenue.
Adjusted EPS rose 64.5% year-over-year to $1.02, beating the 86-cent consensus estimate, while revenue increased 9.3% to $6.6 billion. Total gross profit climbed by 24.8% to approximately $3.2 billion.
Cash App continued to be a key growth driver, with gross profit rising more than 30% year over year as Commerce Enablement and consumer lending activity expanded. Primary Banking Actives also grew strongly, while monthly transacting actives reached nearly 60 million.
