Bitcoin acquisition by Jack Dorsey's Block Company increased by 108 units in the second quarter, leading to higher revenue and profit figures.
Block Inc. Strengthens Bitcoin Holdings and Boosts Financials
Jack Dorsey's Block Inc. is aggressively pursuing a strategic Bitcoin accumulation strategy, aiming to build a substantial long-term reserve of Bitcoin as part of its corporate treasury and ecosystem expansion. As of Q2 2025, Block Inc. holds 8,692 BTC, valued at approximately $1.15 billion, making it one of the top public companies globally for Bitcoin holdings.
This strategic approach to Bitcoin focuses on optimizing the cost basis and positioning it as a hedge against market volatility and inflation, rather than a speculative asset. Block added 108 BTC in Q2 2025 alone, demonstrating a disciplined and steady buying pattern similar to the "Saylorization" trend popularized by MicroStrategy.
The impact on Block’s financial performance has been positive overall. Bitcoin-related revenues reached $2.52 billion, driven by ecosystem services like Bitkey wallets and Square Terminal integrations, contributing to broader fintech product offerings. Block reported a 17% adjusted EBITDA growth in Q2 2025 and achieved revenue of $6.05 billion, with gross profit rising 8.2%, surpassing Wall Street expectations.
Despite a revaluation loss of $212 million on Bitcoin due to price fluctuations, the company had an equivalent amount in revaluation gains shown in the quarter, reflecting the volatile but substantial value increments in their Bitcoin holdings. The company leverages a hybrid financial operating system model that combines Bitcoin treasury holdings with innovative fintech solutions, providing resilience compared to pure-play crypto firms amid regulatory and scalability challenges.
Investor confidence in Block’s Bitcoin strategy is reflected in market responses such as a near 10% pre-market stock surge following announcements of Bitcoin acquisitions and increased stakes from investors like Ark Invest.
Block Inc.’s Bitcoin accumulation strategy is a central element of its long-term strategy, contributing to revenue growth and shareholder value while hedging against macroeconomic risks through diversified fintech and crypto ecosystem initiatives. The company is also developing bitcoin mining hardware through its Proto division and has integrated crypto across multiple business lines, including plans to enable bitcoin payments through its Square merchant network.
According to Charmaine Tam, head of OTC trading at Hex Trust, Block's measured approach to Bitcoin is a sustainable blueprint for mainstream corporate adoption. With the current market price of Bitcoin near $117,000, Block's incremental accumulation of Bitcoin demonstrates a prudent integration into its treasury without taking on significant capital risk. Tam also emphasized that treasury adoption is a valuable first step, but creating tangible utility through real-world products is crucial for long-term success.
[1] Block Inc. Q2 2025 Earnings Release [2] Block Inc. Bitcoin Investment Strategy [3] Block Inc. Bitcoin Purchase Announcement [4] Block Inc. Bitcoin Sales via Cash App [5] Block Inc. Stock Performance Following Bitcoin Acquisitions
- Block Inc.'s crypto holdings, primarily Bitcoin, are a significant component of their long-term strategy, aiming to create a substantial reserve, valued at over $1 billion as of Q2 2025.
- The company's Bitcoin strategy, which involves methodical accumulation, is similar to the "Saylorization" trend and is designed to optimize cost basis and act as a hedge against market volatility.
- This strategic approach has contributed to Block's financial growth, with Bitcoin-related revenues reaching $2.52 billion in Q2 2025 and the company reporting a 17% adjusted EBITDA growth.
- Despite price fluctuations causing a revaluation loss, the volatile but significant value increments in Block's Bitcoin holdings have been offset by revaluation gains in the same quarter.
