Block Inc., a U.S. technology company founded by Jack Dorsey, will replace Hess Corp. in the S&P 500 index, marking a significant advancement for Bitcoin into traditional institutional investors.
Block Inc. has held over 8,585 Bitcoin worth approximately $1.01 billion since 2020, with profits reaching nearly 300%. Its inclusion in the S&P 500 strengthens the cryptocurrency's position in the eyes of institutional investors while benefiting from a clearer legal framework.
MAIN CONTENT
Block Inc. replaced Hess Corp. in the S&P 500 index on July 23, 2025.
The company holds 8,585 Bitcoin, valued at over $1 billion, with profits nearing 300%.
This promotes wider acceptance of Bitcoin among institutional investors.
When and why did Block Inc. replace Hess Corp. in the S&P 500 index?
Block Inc. was officially added to the S&P 500 index on July 23, 2025, when Hess Corp. was removed from the index due to being acquired by Chevron. This event reflects a new trend in selecting technology stocks with significant influence, reinforcing Block Inc.'s position in the U.S. stock market.
How did Block Inc. invest in Bitcoin to achieve nearly 300% profit?
Data from BitcoinTreasuries reveals that Block Inc. began accumulating Bitcoin on October 7, 2020, purchasing 8,585 Bitcoin at an average price of $30,405 USD/BTC. To date, this Bitcoin is valued at over $1.01 billion USD, representing a profit increase of nearly 300%. This investment strategy reflects the long-term vision and understanding of the cryptocurrency market by the management team.
Block Inc.'s accumulation of Bitcoin not only generates substantial profits but also enhances the level of acceptance and trust among institutional investors in cryptocurrency assets.
Jack Dorsey, CEO of Block Inc., 2023
What does Block Inc.'s entry into the S&P 500 mean for the cryptocurrency market?
Block Inc.'s inclusion in the S&P 500 marks a turning point in the legitimization of Bitcoin and encourages the flow of institutional investment into cryptocurrency. Along with this move, clearer regulatory frameworks, especially after the passage of the GENIUS Act in the United States, have laid a solid foundation for the sustainable development of this market.
We are witnessing a trend of integrating cryptocurrencies into leading financial indices, creating confidence for traditional investors to access this market.
Sarah Lee, Cryptocurrency Financial Expert, July 2025
What are the specific economic benefits of Block Inc. joining the S&P 500?
Immediately after the news, Block Inc.'s stock price rose 10% in after-hours trading, reaching $79.49. In the past three months, the stock has increased by more than 35%, bringing its market capitalization to approximately $43 billion. This growth reflects investors' confidence in the company's development potential and the rising trend of Bitcoin.
Quick comparison between Block Inc. and Coinbase on the S&P 500 index
Criteria Block Inc. Coinbase Global Inc. Date of S&P 500 Inclusion July 23, 2025 Mid-May 2025 Bitcoin Holdings Approximately $1.01 billion Over $2 billion (estimated) Operating Market Financial Technology & Cryptocurrency Cryptocurrency Exchange and Trading Market Capitalization Approximately $43 billion Approximately $20 billion
Frequently Asked Questions
What kind of company is Block Inc. and who founded it?
Block Inc. is a U.S. technology company founded by Jack Dorsey, known for its Cash App product and significant investment in Bitcoin.
What does Block Inc.'s inclusion in the S&P 500 mean for Bitcoin?
This helps Bitcoin gain wider recognition among institutional investors, increasing its legitimacy and access to large capital.
When did Block Inc. buy Bitcoin and what was the average price?
Block Inc. purchased Bitcoin from October 2020 at an average price of $30,405 USD/BTC, now having a profit of nearly 300%.
How did Block Inc.'s stock price fluctuate after the news?
Shares rose 10% in after-hours trading following the announcement, reaching approximately $79.49, reflecting strong expectations from investors.
What does the GENIUS Act support for the cryptocurrency market?
This act provides a clear legal framework, enhances investor protection, and facilitates long-term development for cryptocurrency.
Source: https://tintucbitcoin.com/block-cua-jack-dorsey-vao-sp-500/
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