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• Block Inc joins the S&P 500 starting July 23, 2025, replacing Hess Corporation
• Shares rose by 8.5-10% in after-hours trading following the announcement on July 18
• Represents a growing widespread acceptance of cryptocurrency-related financial companies
Strategic Importance
• Block holds 8,584 BTC (~$550 million), positioning it as an alternative investment in Bitcoin
• Follows Coinbase's inclusion in the index, establishing a trend of cryptocurrency integration into traditional markets
• Jack Dorsey's Block validates the company's fintech innovation
#S&P500