Block's Bitcoin treasury grew to 9,117 BTC in the first half of 2026, but falling prices cut the stake's value to roughly $534 million and left the company with over $260 million in losses on the position. The disclosure came alongside second-quarter results that beat the consensus earnings estimate.
Block's corporate Bitcoin stack grew to 9,117 BTC by June 30, after the company added 234 BTC during the first half of 2026. The fintech company co-founded by Jack Dorsey disclosed the position in a recent filing tied to its second-quarter results.
However, a decline in Bitcoin's price cut the value of that stake to approximately $534 million as of June 30, down from about $777 million at the end of 2025. The drop left Block with over $260 million in losses on its Bitcoin investments for the first half of 2026.
Still, Block's underlying business outperformed expectations. Adjusted earnings per share climbed 64.5% year over year to $1.02, topping an 86-cent consensus estimate. Revenue grew 9.3% to $6.6 billion, and total gross profit expanded 24.8% to approximately $3.2 billion.
Cash App remained the main growth engine, with gross profit there rising more than 30% year over year as commerce enablement and consumer lending activity expanded. Square also posted double-digit growth in gross payment volume. By contrast, Bitcoin Ecosystem revenue fell nearly 13% during the quarter.
Source: Crypto Briefing
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