- Block added 108 Bitcoin (BTC) to its holdings in the second quarter of 2025, spending $11 million.
- The company’s total Bitcoin holding is now 8,692 BTC, valued at about $1.15 billion.
- Block generated $2.14 billion in revenue from Bitcoin sales on Cash App in Q2, with a gross profit of $66 million.
- The company reported a $212.2 million gain from adjusting the value of its Bitcoin during the quarter.
- Block continues its steady Bitcoin accumulation as part of a long-term plan, integrating cryptocurrency across several business areas.
Block, led by CEO Jack Dorsey, expanded its Bitcoin holdings by purchasing 108 BTC in the second quarter of 2025. The company paid $11 million for these coins, following its ongoing strategy to steadily add more Bitcoin to its treasury.
With this purchase, Block now holds 8,692 BTC, which is valued at about $1.15 billion at current market prices near $117,000 per Bitcoin (CoinGecko). In the same quarter, Block reported total revenue of $6.05 billion, up 1.5% from the previous quarter, and a gross profit increase of 8.2% to $2.54 billion. Out of its total revenue, $2.14 billion came from Bitcoin sales through its Cash App platform, earning $66 million in gross profit.
The company recorded a $212.2 million gain from the remeasurement, or updating of value, of its Bitcoin investment in Q2. This is a large shift from last year, when it saw a loss of $70.1 million in the same category, according to the company’s latest 10-Q form filed with the U.S. Securities and Exchange Commission.
Charmaine Tam, head of OTC trading at Hex Trust, told Decrypt that “Block’s measured approach is a far more sustainable and realistic blueprint for mainstream corporate adoption” compared to other firms with more aggressive Bitcoin strategies. The company bought about 207 BTC in the first quarter, bringing the total cost for both quarters to $20.6 million.
Block has been integrating cryptocurrency into its different business segments. This includes enabling Bitcoin payments for merchants on its Square network as well as developing Bitcoin mining hardware through its Proto division. According to Tam, “Block’s incremental accumulation alongside its operational business demonstrates how a company can prudently integrate the asset into its treasury without taking on the same level of capital risk.”
After the report, Block shares rose 6% in after-hours trading. The company was added to the S&P 500 index last month. Tam also said, “While treasury adoption is a valuable first step, creating tangible utility through real-world products is the most powerful and sustainable driver of long-term success for the ecosystem.”
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