Block will be added to the S&P 500 index in mid-2025, replacing Hess Corp. following a major deal with Chevron.
Addition of Block to S&P 500
According to Bloomberg, Block will join the S&P 500 index on July 23, 2025. This event highlights the growing attention towards the company amid its adoption of cryptocurrency-related technologies.
Bitcoin Integration in Block's Products
Block has been gradually integrating Bitcoin into its products. In its latest move, the company has started adding Bitcoin payment capabilities to its Square point-of-sale terminals.
Replacement of Hess Corp. by Chevron
Hess Corp. will exit the S&P 500 index as it will be acquired by energy giant Chevron. This reduction in participants in the index opens new opportunities for the financial landscape.
Block's addition to the S&P 500 and its ongoing integration of Bitcoin into its solutions underscore the company's significance and strategic impact in technology and finance.
