Block adds 120 Bitcoin in Q3, lifting total holdings to 9,237 BTC

Jack Dorsey's payments company kept buying even as its Bitcoin ecosystem gross profit fell 50% year over year Block Inc. added 120 Bitcoin to its corporate balance sheet during the third quarter of 2026. That brings the company’s total holdings to 9,237 BTC. The purchase surfaced in Block’s Q3 2026 earnings release on November 3, 2026. The numbers behind the stack As of September 30, 2026, Block’s Bitcoin was valued at approximately $771.9 million. The company’s cost basis on that position is estimated at $318.6 million. The funding method matters as much as the purchase itself. Block paid for the 120 BTC by reinvesting part of the gross profit generated by its Bitcoin ecosystem, which runs mainly through Cash App transactions. That ecosystem had a rough quarter, though. Bitcoin ecosystem gross profit fell 50% year over year to $52 million. Block pinned the drop on deliberate fee cuts. The company lowered fees to make Cash App’s Bitcoin services more accessible and to improve its on-ramp, the process of converting regular dollars into Bitcoin. The rest of the business carried the quarter Zoom out and Block’s broader results looked healthy. Total gross profit climbed 22% year over y...