Bitcoin purchase boosts Q2 earnings for Jack Dorsey's Block, revealing increased revenue and profit.
Block Inc. Strengthens Bitcoin Position, Achieving Significant Growth
Block Inc., the fintech company led by Jack Dorsey, has continued its strategic approach to bitcoin accumulation, adding 108 BTC to its treasury reserve in Q2 2025. This brings the company's total holdings to 8,692 BTC, valued at approximately $1.15 billion.
This strategy, which mirrors the "Saylorization" trend, aims to optimize the company's cost basis and enhance its hybrid model that bridges legacy financial systems and decentralized finance through Bitcoin treasury holdings combined with products like Bitkey wallets and Square Terminals.
In Q2, Block generated over $2.5 billion in Bitcoin-related revenue, a testament to the success of its ecosystem innovations. These innovations include enabling Bitcoin payments for merchants and facilitating Lightning Network transactions in Cash App. The company recognized a $212.2 million gain on bitcoin remeasurement during the quarter, marking a significant increase from the $70.1 million loss in the same period last year.
The company's gross profit in Q2 rose to $2.54 billion, an 8.2% increase from Q1, while total revenue reached $6.05 billion, a 1.5% rise from Q1. Block Inc.'s bitcoin holdings now total 8,692 BTC, a substantial addition to its treasury reserves.
Charmaine Tam, head of OTC trading at Hex Trust, praised Block's measured approach to bitcoin adoption as a sustainable blueprint for mainstream corporate adoption. Tam commended Block's incremental accumulation of bitcoin alongside its operational business as a prudent way to integrate the asset into its treasury without taking on excessive capital risk.
Tam emphasized the importance of creating tangible utility through real-world products as the most powerful and sustainable driver of long-term success for the ecosystem. With its focus on building a substantial Bitcoin treasury reserve while integrating Bitcoin into its broader ecosystem of fintech services, Block Inc. is making a deliberate bet on Bitcoin's long-term value and its role as a foundational financial asset for its evolving "financial operating system."
[1] CNBC - Block Inc. adds 108 bitcoins to its treasury in Q2 [2] Bloomberg - Block Inc.'s Bitcoin Strategy: A Long-Term Approach [4] Yahoo Finance - Block Inc.'s Q2 2025 Earnings Report
Key Takeaways:
- Block Inc.'s total bitcoin holdings: 8,692 BTC
- Approximate current valuation: $1.15 billion
- Recent accumulation: 108 BTC added in Q2 2025
- Strategy emphasis: Long-term treasury reserve and ecosystem integration
- Revenue from Bitcoin ecosystem: $2.52 billion
- Growth and gains Q2 2025: $212 million revaluation gain, 17% EBITDA growth
- Business model: Hybrid fintech with Bitcoin treasury holdings and payment products
- Bitcoin's current market price: Near $117,000, as per CoinGecko.
[1] As part of its strategic approach, Block Inc., led by Jack Dorsey, added 108 BTC to its treasury reserve, accumulating a total of 8,692 BTC. [2] This move, valued at approximately $1.15 billion, follows the "Saylorization" trend and aims to optimize the company's cost basis while bridging legacy financial systems and decentralized finance. [3] In Q2 2025, Block Inc. generated over $2.5 billion in Bitcoin-related revenue, a testament to the success of its ecosystem innovations. [4] The company's strategy emphasizes long-term treasury reserve and ecosystem integration, with a focus on building real-world products for tangible utility, mirroring a sustainable blueprint for mainstream corporate adoption of crypto assets.
