Block is expanding its Bitcoin holdings worth over 1 billion USD and promoting the use of Bitcoin in daily transactions.
The company has increased its Bitcoin holdings to 8,692 BTC while developing various new initiatives to make Bitcoin a common payment method in everyday life.
MAIN CONTENT
Block owns over 1 billion USD in Bitcoin with 8,692 BTC.
Q2 revenue reached 6.05 billion USD, exceeding market expectations.
Continuously implementing initiatives to help Bitcoin become everyday currency.
How is Block holding over 1 billion USD in Bitcoin?
In Q2 2025, Block added 108 BTC, equivalent to about 12.6 million USD, bringing the total Bitcoin holdings to 8,692 BTC valued at over 1 billion USD, according to financial reports.
The increase in Bitcoin holdings caused Block's stock to rise nearly 10% and positioned the company as the 13th largest public company holding Bitcoin, according to market data. This is evidence of the trend of large companies adopting Bitcoin in their financial strategies.
Block's Bitcoin accumulation strategy reflects a long-term vision, following in the footsteps of many other businesses like MicroStrategy in turning Bitcoin into a strategic treasury asset.
What is notable about Block's Q2 revenue?
Block achieved 6.05 billion USD in Q2 revenue, with gross profit increasing by 8.2% to 2.54 billion USD, far exceeding Wall Street analysts' forecasts.
Of this, Bitcoin revenue from Cash App accounted for up to 2.14 billion USD, generating a gross profit of 66 million USD, demonstrating the strong appeal of cryptocurrency within Block's ecosystem.
The company also adjusted its full-year profit forecast to 10.17 billion USD, reinforcing its sustainable growth position and ability to harness cryptocurrency's potential.
How is Block striving to make Bitcoin everyday currency?
Growth is driven by lending services and stable payment activities from the Square merchant network; Block has increased Bitcoin withdrawal limits on Cash App and allowed Square sellers to accept BTC payments.
The company is about to launch a Bitcoin mining initiative aimed at "democratizing the mining ecosystem" and introducing BitKey – a self-custody private key wallet product that helps users control their personal Bitcoin.
Despite suffering an unrealized loss of 212 million USD due to price fluctuations, Block remains focused on long-term development of Bitcoin as an everyday transaction medium. Joining the S&P 500 in early July also helped boost shares by 7%, indicating increasing market confidence.
"We believe Bitcoin could be the open protocol that operates the internet and has the ability to move at the speed of the internet."
Amrita Ahuja, CFO of Block, 2025, interviewed by CNBC
What is the CFO Block's vision for the future of Bitcoin?
Amrita Ahuja, CFO of Block, asserts that Bitcoin is not just “digital gold” but has the potential to become the currency that operates the internet network.
With 8 million Cash App users trading Bitcoin and Bitcoin holdings worth over 1 billion USD, Block aims to lead in enhancing the application of Bitcoin and improving cryptocurrency accessibility for everyone.
This strategy helps Block maintain growth momentum in the global fintech and cryptocurrency market.
Frequently Asked Questions
How much Bitcoin is Block holding and what is its value?
Block currently holds 8,692 BTC valued at over 1 billion USD according to Q2 market prices in 2025.
What highlights from Block's Q2 revenue are related to Bitcoin?
Revenue from Bitcoin through Cash App reached 2.14 billion USD, contributing a gross profit of 66 million USD for the quarter.
What initiatives has Block implemented to popularize Bitcoin?
Increasing BTC withdrawal limits, allowing BTC acceptance on Square, launching the BitKey self-custody wallet, and initiating a democratic mining project.
What milestones has Block achieved in the stock market in 2025?
The company officially joined the S&P 500 index on July 23, 2025, showcasing a solid financial and technological position.
What is the CFO Block's perspective on the future of Bitcoin?
The CFO believes Bitcoin can become an open protocol and the primary currency in the internet era.
Source: https://tintucbitcoin.com/jack-dorsey-them-126-trieu-usd-btc/
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