Key Takeaways
- Block has joined the S&P 500, growing bitcoin publicity for index traders.
- Block holds 8,584 BTC, making it the Thirteenth-largest company holder.
- Coinbase and Tesla are the opposite S&P 500 firms with main bitcoin holdings.
Jack Dorsey’s funds firm Block was added to the S&P 500 index on Wednesday, making it the third firm with notable Bitcoin holdings to hitch the high-profile fairness benchmark.
Block’s bitcoin reserves
Block at the moment holds 8,584 bitcoin, valued at round $1 billion, rating it because the Thirteenth-largest company holder in accordance with Bitbo Treasuries.
The corporate’s shares on the NYSE have surged practically 14% up to now 5 days following the S&P 500 inclusion announcement.
To be listed on the S&P 500, an organization should have a market capitalization above $18 billion, a public float exceeding 10%, and constructive earnings in the newest quarter.
Block replaces Hess Corp, which exited the index after a $55 billion merger with Chevron.
Extra bitcoin publicity for fairness traders
The S&P 500 represented $50 trillion in market capitalization on the finish of Q1 2025.
With Block’s addition, traders in S&P 500-tracking funds acquire additional oblique publicity to bitcoin.
Commenting on social media, OnlyCalls wrote:
Institutional entrance solidifies BTC’s monetary visibility. Count on extra conservative entities to think about BTC as a viable treasury asset.
Comparability to coinbase and tesla
Block joins Coinbase and Tesla as S&P 500 members with important bitcoin reserves.
Coinbase holds 9,267 BTC (about $1.1 billion), whereas Tesla holds 11,509 BTC (about $1.4 billion).
Over the previous month, Coinbase shares have risen 28.4%, outpacing the general bitcoin market’s 23% acquire, whereas Tesla’s shares have declined 4.6%.
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