Block, known for its Cash App platform, reports an increase in Bitcoin reserves and strong financial performance for Q2 2025.
Increase in Bitcoin Holdings
Block added 108 BTC in Q2, bringing its total reserves to 8,692 BTC. This positions the company among the largest corporate treasuries in the crypto space.
Q2 Financial Results
Despite a $212 million markdown due to market volatility, Bitcoin-related activity through Cash App generated $2.54 billion, up 8% from the previous year. Total revenue reached $6.05 billion, with Cash App reporting a 16% increase in gross profit to $1.50 billion.
Future Strategy
Square, Block’s payments division, processed $64.25 billion in payments, a 10% year-on-year increase. The company plans to launch Bitcoin mining chips through its Proto division. Founder Jack Dorsey remains convinced that Bitcoin is the only truly decentralized digital currency.
Block shows significant growth despite market challenges and plans for further integration of Bitcoin into its services.
