Jack Dorsey's Block Inc. (XYZ) has expanded its Bitcoin treasury to 8,883 BTC, according to its latest Form 10-K filing with the SEC. This represents a 103 BTC increase from the previously reported 8,780 BTC tracked on bitcointreasuries.net, aligning with the company's ongoing accumulation strategies.
The filing details that Block's investment Bitcoin holdings—designated for long-term treasury purposes—stand at 8,883 BTC, with a cost basis of $292.6 million and a fair value of $777.5 million. During 2025, the company added 398 BTC overall at a cost of $41.1 million, but the most recent quarterly increment reflects the 103 BTC bump. These assets are treated as indefinite-lived intangibles, with a $55.9 million remeasurement loss recorded for the year amid Bitcoin price volatility.
Separately, Block holds 238 BTC valued at $20 million for operational purposes, primarily to facilitate Cash App customer transactions. These short-term assets are classified under current assets and excluded from the core treasury count, as they support daily platform liquidity rather than strategic reserves.
This treasury update coincides with significant organizational changes. On February 26, 2026, Block announced a 40% workforce reduction, cutting approximately 4,000 jobs to slim down from over 10,000 employees to around 6,000. Dorsey framed the move as a shift toward building "this company with intelligence at the core of everything we do," while noting that "the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working." He emphasized leveraging these tools for greater efficiency while maintaining focus on growth areas like gross profit expansion.