Block Inc., founded by entrepreneur Jack Dorsey, has been included in the S&P 500 index, marking a significant event for both the financial and cryptocurrency sectors.
Block Joins the S&P 500
On July 18, 2025, it was announced that Block Inc. will replace Hess Corp. in the S&P 500 index, effective before trading begins on July 23, 2025.
Market Reaction and Investor Expectations
Following the announcement, Block’s shares surged 8.5% in premarket trading to $79. The company’s market capitalization now stands at $44.8 billion. Investors reacted favorably, anticipating increased demand for its shares among institutional investors. The cryptocurrency community also welcomed the move, viewing it as further evidence of mainstream acceptance of the industry.
Criteria for Inclusion in the S&P 500
Admission to the S&P 500 index is governed by strict financial criteria. Companies must:
1. Record positive net income over the most recent four quarters (on a GAAP basis). 2. Achieve a market capitalization above $18 billion. 3. Maintain sufficient liquidity.
According to many experts, Block has long met these requirements.
Block's inclusion in the S&P 500 highlights the growing recognition of the cryptocurrency industry and the company's future prospects in this sector.
