Block Adds 108 Bitcoin in Q2, Sees Surge in Revenue and Profit

Jack Dorsey’s Block added 108 BTC in Q2, bringing total holdings to 8,692 BTC. Strong Cash App performance drove Q2 profit and revenue growth.

Jack Dorsey’s Block Inc. continues to double down on Bitcoin as it reports higher revenue and profits in Q2 2025. The fintech giant added 108 BTC to its corporate treasury as part of its ongoing bitcoin accumulation strategy, raising its total holdings to 8,692 BTC — now valued at over $1.15 billion.

This move aligns with Block’s long-standing Bitcoin accumulation strategy. While many firms remain cautious amid regulatory uncertainty, Block is positioning itself for long-term crypto exposure.

Bitcoin Accumulation Strategy Gains Steam

In Q2 2025, Block purchased 108 BTC at a cost basis of $11 million. This continues its pattern of steady quarterly Bitcoin buys under CEO Jack Dorsey. At current prices near $117,000 per BTC, Block’s total Bitcoin investment stands at $1.15 billion.

Moreover, Block recognized a remeasurement gain of $212.2 million on its Bitcoin holdings for the quarter. This reflects a stark contrast from Q2 2024, when the company reported a $70.1 million loss on revaluation. The shift highlights the renewed bullish momentum in the digital asset market.

According to Charmaine Tam, head of OTC trading at Hex Trust, “While MicroStrategy’s strategy is a high-conviction model for a bitcoin-first company, Block’s measured approach is a far more sustainable and realistic blueprint for mainstream corporate adoption.”

Strong Q2 Financials Back Crypto Confidence

Block’s Q2 2025 results further strengthen the company’s bullish stance. The firm posted revenue of $6.05 billion, a 1.5% increase from Q1’s $5.96 billion. Gross profit rose even more sharply, up 8.2% to $2.54 billion compared to $2.33 billion in the previous quarter.

Bitcoin sales via Cash App contributed significantly to this performance. The company generated $2.14 billion in Bitcoin-related revenue during the quarter, with a gross profit of $66 million. This signals strong consumer demand and usage for crypto within its app ecosystem.

Block’s dual business model — fintech innovation and digital asset integration — appears to be paying off. The company’s ability to grow revenue while expanding its crypto treasury suggests strategic alignment between operational performance and digital asset conviction.

Measured Bitcoin Bets, Long-Term Vision

Unlike aggressive acquirers like MicroStrategy, Block continues to follow a slower, deliberate strategy toward Bitcoin adoption. Each purchase adds credibility to Bitcoin as a legitimate corporate treasury asset, without overextending financial exposure.

This measured pace gives Block room to maneuver in volatile market conditions while still benefiting from long-term BTC price appreciation. Dorsey’s belief in Bitcoin as the future of money continues to shape the company’s roadmap.

The move also signals to other fintechs that corporate Bitcoin allocation can be achieved through thoughtful, phased accumulation — not just massive, debt-fueled purchases.

Bitcoin in the Fintech Stack

As more fintech firms explore blockchain, tokenization, and Web3 integrations, Block’s performance stands out. It shows how digital assets can fit into existing business models without disrupting core operations.

Cash App remains one of the most crypto-integrated mainstream apps in the market. Its ability to convert Bitcoin volatility into revenue — and profit — gives Block a competitive edge.

The latest BTC purchase and earnings update reinforce Block’s role as a leader in the evolving fintech-crypto convergence.