Block, Inc. Joins S&P 500: A Milestone for Bitcoin Advocacy
Block, Inc., the financial services company founded by Jack Dorsey, has been added to the S&P 500 index. The announcement triggered a 9% surge in its stock price during after-hours trading, reflecting strong market confidence. Block’s inclusion highlights its commitment to Bitcoin, as the company holds 8,584 BTC in its treasury.
Implications for Bitcoin and the Crypto Industry
Block’s entry into the S&P 500 signals growing institutional acceptance of Bitcoin. Analysts suggest this could encourage other crypto-related firms to seek inclusion in major indices. Block’s treasury strategy demonstrates its long-term belief in Bitcoin’s value.
Future Plans and Innovations
Block plans to integrate Bitcoin payments into its Square platform by 2026, using the Lightning Network for efficient transactions. The feature was previewed at the Bitcoin 2025 conference in Las Vegas.
Key Facts
- Block’s stock rose 9% after the S&P 500 announcement
- The company holds 8,584 Bitcoin in reserve
- Square will support Bitcoin payments via Lightning Network
- Second crypto firm added to S&P 500 after Coinbase
