Block, Inc. expands its active role in promoting Bitcoin adoption with holdings of nearly 9,000 BTC, aiming to develop Bitcoin-based financial solutions for small businesses.
Through subsidiaries like Cash App and Square, Block not only boosts its Bitcoin treasury to nearly 1 billion USD but also builds a fast, low-cost payment ecosystem and self-custody wallets to popularize Bitcoin in everyday transactions.
MAIN CONTENT
Block holds nearly 8,600 BTC valued at approximately 1 billion USD, ranking among the largest public companies in Bitcoin holdings.
Cash App and Bitkey optimize the use of Bitcoin through the Lightning Network and self-custody hardware wallets.
Block promotes the integration of Bitcoin into DeFi, providing more transparency and efficiency compared to traditional banking systems.
How has Block expanded its Bitcoin treasury?
Block currently holds a total of 8,584 Bitcoin valued at nearly 1 billion USD, becoming one of the public companies with the largest Bitcoin holdings. The additional 108 BTC in Q2 2025, equivalent to about 12.6 million USD, demonstrates the company's strong commitment to growth in this cryptocurrency.
Subsidiaries like Cash App, Square, and Bitkey play a crucial role in expanding the Bitcoin treasury, creating financial tools and services that enable small and medium enterprises to effectively access the Bitcoin ecosystem. This is a long-term strategy to help Block solidify its leading position in the market.
Why are Cash App and Bitkey important for the development of Bitcoin?
Cash App integrates Lightning Network technology, enabling quick Bitcoin transactions at lower costs compared to traditional solutions. Meanwhile, Bitkey provides self-custody hardware wallets that enhance security and help average users easily control their assets without relying on third parties.
Miles Suter – head of product at Block – stated: “We hope that Lightning will help Bitcoin become a currency used in everyday transactions.” This reflects the effort to create a more user-friendly and secure transaction experience, especially in commercial and international payments.
“We believe that Bitcoin will achieve its ultimate goal when used as a daily currency, just as Satoshi intended. Bitcoin as a global financial infrastructure will help companies like Block operate more efficiently and expand globally.” – Miles Suter, Head of Product Block, 2025
Bitcoin Magazine, 2025
How does Block support and develop DeFi?
Block not only focuses on holding Bitcoin but also aims to integrate blockchain technology into the traditional financial ecosystem. Bringing Bitcoin into Square and fintech products has demonstrated Block's direction, creating transparent, cost-effective, and more convenient financial solutions for businesses.
This trend aligns with the increase in businesses seeking DeFi platforms, enhancing security and reducing financial barriers. This also reflects Block's vision of promoting the Bitcoin ecosystem as the global mainstream financial infrastructure.
“Payments are the core factor maintaining Bitcoin's unique characteristics and will determine its long-term success.” – Miles Suter, 2025
Bitcoin Magazine, 2025
Frequently Asked Questions
How much Bitcoin does Block currently own?
Block is holding 8,584 Bitcoin valued at nearly 1 billion USD, becoming one of the largest public companies with a Bitcoin treasury.
What do Cash App and Bitkey do for Bitcoin users?
Cash App uses the Lightning Network to reduce fees and transaction times, while Bitkey offers self-custody hardware wallets that enhance security and ease of use for newcomers.
What plans does Block have for DeFi?
Block integrates Bitcoin into the traditional financial ecosystem, enabling businesses to access more transparent and efficient solutions from DeFi.
Why is the Lightning Network important for Bitcoin?
The Lightning Network makes Bitcoin transactions faster and cheaper, suitable for everyday transactions and international commerce.
What benefits do self-custody wallets provide for cryptocurrency security?
Self-custody wallets eliminate dependency on third parties, giving users complete control over their private keys, increasing safety and privacy of assets.
Source: https://tintucbitcoin.com/bitcoin-cho-doanh-nghiep-nho-tiem-nang-jack-dorsey/
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