Block boosts Bitcoin treasury to 9,117 BTC after S&P 500 entry

Block added 85 Bitcoin to its treasury, lifting total holdings to 9,117 BTC and ranking 15th among public Bitcoin holders.

According to BitcoinTreasuries.NET, Block's latest purchase raised its balance from 9,032 BTC to 9,117 BTC. The update was shared on X on Aug. 6 and did not disclose when the purchase was completed or the price paid.

The addition comes less than three weeks after Block joined the S&P 500 on July 23, becoming the second crypto-focused company in the index after Coinbase. Block allocates 10 percent of monthly gross profit from Bitcoin-related products toward additional purchases, a framework it open-sourced last year as a reference for other businesses.

Block's continued accumulation contrasts with Strategy, which sold 1,638 BTC for $104.73 million between July 27 and Aug. 2 under its monetization framework. Strategy directed $52.4 million toward STRC preferred-stock dividends and $52.3 million to repurchase STRC shares, reducing its holdings to 842,138 BTC. The company also raised $290.6 million through MSTR common stock sales during the same period. The divergence highlights two distinct corporate approaches to Bitcoin treasury management as institutional holdings grow.

Q2 results show Bitcoin segment pressure

Block's Q2 2026 results, reported alongside the treasury update, showed gross profit rose 25 percent year-over-year to $3.17 billion. Adjusted operating income reached $863.8 million, up from $549.6 million a year earlier, and adjusted diluted earnings per share hit $1.02, beating Wall Street's consensus of 87 cents.

Bitcoin ecosystem revenue totaled $1.89 billion, down 13 percent year-over-year, with segment gross profit falling 31 percent to $72 million. The company attributed the decline to a strategic decision to reduce fees on Bitcoin transactions via Cash App and slower activity in the primary cryptocurrency market. Block also recorded an $88.5 million unrealized loss on its Bitcoin reserve due to changes in asset value.

Cash App added support for USDC and enabled stablecoin transactions across multiple blockchains during the quarter, expanding Block's crypto product footprint beyond Bitcoin.

S&P 500 inclusion followed restructuring

Block's inclusion in the S&P 500 followed an 8 percent workforce reduction earlier this year, part of a restructuring CEO Jack Dorsey said was intended to improve strategic alignment and operational efficiency. The company's shares rose sharply in after-hours trading when the index inclusion was announced in July.

With 9,117 BTC on its balance sheet, Block has strengthened its position among public companies holding Bitcoin as a treasury asset. The company has not announced any change to its treasury policy alongside the latest purchase, and BitcoinTreasuries.NET did not include additional details about the transaction or funding source.

This article is for informational purposes only and does not constitute investment advice.