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According to its latest Proof of Reserves report published on April 27, Block holds 28,355 $BTC—a position valued at approximately $2.2 billion at current market levels. This confirms the company’s long-term approach to accumulating Bitcoin as a key reserve asset.
Publishing regular proof of reserves is part of the company’s effort to increase transparency for investors, a move that distinguishes it from traditional corporate treasuries. In doing so, Block positions itself as one of the few public companies actively communicating the status of its crypto assets.
The price of the leading digital asset, which is hovering around $77,000, supports the value of these reserves and reinforces its status as a long-term store of value.
Radical Transformation Through AI
Parallel to the crypto strategy, CEO Jack Dorsey is undertaking a significant reorganization of the company. Block plans to reduce its workforce by approximately 40%, shrinking the team from roughly 10,000 to fewer than 6,000 employees.
The goal is to build a more efficient, technology-oriented model where artificial intelligence plays a central role. Dorsey is betting on the thesis that smaller teams, supported by advanced AI tools, can achieve higher productivity and profitability.
Following the announcement of the layoffs, the company raised its projection for 2026 operating profit to approximately $3.2 billion—an increase of over 50%, which maintains positive ratings from analysts.
Expanding the Ecosystem and Partnerships
Block continues to integrate its services into a broader consumer ecosystem. On April 22, the company announced an expansion of its partnership with Uber, including the implementation of Cash App Pay for U.S. users and the integration of Square software into Uber Eats’ international operations.
At the same time, the company is driving engagement through initiatives like the “Bitcoin Faucet,” which distributes up to $1 million in $BTC to users. This strategy aims to encourage the use of products within the Block ecosystem, including the Bitkey self-custody wallet.
Bitkey remains a key element in the company’s long-term vision—a tool that allows users to hold their crypto assets outside of centralized exchanges.
The Market Watches the Next Moves
The dynamics surrounding Block come at a time when Bitcoin remains in an upward trend, supported by macroeconomic factors and speculation regarding potential state-level Bitcoin accumulation strategies.
The company’s full first-quarter report is expected on May 7, when investors will seek more clarity regarding the synergy between the AI transformation and the crypto strategy.
For now, Block is positioning itself as one of the most aggressive public companies at the intersection of fintech, artificial intelligence, and digital assets—a combination that could prove decisive for its future growth but also carries significant risks.