Block Discloses $2.2 Billion BTC Reserve
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Contents
Jack Dorsey's fintech giant Block has drawn attention by publicly disclosing its Bitcoin reserves for the first time. The company reported total assets of 28.355 BTC, equivalent to approximately $2.2 billion, in its first quarter report. The customer portion was 19.357 BTC worth $1.5 billion, while the 8.997 BTC in the company's treasury amounted to $692.3 million. The report enables independent verification by everyone through on-chain cryptographic signatures. Block executives emphasize that users won't have to blindly trust their Bitcoins.
Block's BTC Reserve Distribution Table
| Category | BTC Amount | Value (Million USD) |
|---|---|---|
| Customer | 19.357 | 1.500 |
| Company | 8.997 | 692,3 |
| Total | 28.355 | 2.192,3 |
Block, known as a fintech player with platforms like Square and Cash App, published this report with the approval of third-party auditors. Everyone can verify that reserves are not only historically but currently under control using on-chain data.
Verification with On-Chain Cryptographic Signatures
This system provides cryptographic proof of reserves using the Merkle Tree structure. Users can verify the total balance of a specific wallet address by checking the root hash on blockchain explorers. This practice spread rapidly among crypto exchanges and financial institutions after the FTX collapse (triggered by the FTT token crash), making transparency standards mandatory.
Michael Saylor's BTC Wallet Criticism
Figures like Michael Saylor criticized it, arguing that disclosing wallet addresses creates security vulnerabilities. Strategy's former chairman Saylor stated that while this method provides proof of assets, it hides liabilities and puts publishers at risk. Nevertheless, on-chain signatures enable verification without sharing addresses.
BTC Technical Analysis: Current Supports and Resistances
As of April 28, 2026, BTC price is at 76.048 USD, with a 24-hour change of -%2.22. RSI 55.83 (neutral), Supertrend bearish, EMA 20: 75.416 USD. For detailed BTC analysis, supports are strong:
- S1: 73.724 USD (Score: 81/100, -%3.39 distance)
- S2: 71.944 USD (Score: 70/100, -%5.72)
Resistances: R1 76.837 USD (+%0.69), R2 80.810 USD (+%5.90). The Block news supported the sideways trend, BTC futures could increase volatility.
Block's Ranking Among Institutional BTC Holders
According to BitcoinTreasuries.net data, Block became the 14th largest institutional Bitcoin holder, right behind Trump Media. This step strengthens institutional trust, accelerating Bitcoin's integration into mainstream financial instruments. The race for transparency among companies increases resilience against potential crises in the sector. Block's approach signals the widespread adoption of similar reporting standards.