Jack Dorsey's Block, With Over $1 Billion In Bitcoin Holdings, Set To Join S&P 500

Jack Dorsey's Block, With Over $1 Billion In Bitcoin Holdings, Set To Join S&P 500 — Shares Pop 8% In Overnight Trading

Aniket Verma

July 20, 2025

Block, Inc. (NYSE:XYZ) shares are soaring in overnight trading on Sunday ahead of the S&P 500 debut of the Jack Dorsey-founded fintech company.

What happened: Block was up 8.31% as of this writing on the Robinhood trading platform.

The company's inclusion in the coveted S&P 500 index, seen as the barometer of the U.S. stock market, will become effective July 23, according to a press release shared Friday.

As Dogecoin $DOGE overcomes the $0.20 resistance barrier, the next key hurdle to watch is $0.36! pic.twitter.com/bs1oQER1Xt
— Ali (@ali_charts) July 18, 2025

See Also: Tom Lee Says Michael Saylor-Led Strategy’s 35x Surge Wasn’t Just Bitcoin -- Treasury Moves ‘Far More Significant’ Than Token Price Gain

Why It Matters: Block, formerly known as Square, was founded in 2009 and specializes in point-of-sale systems and payment solutions. It gradually expanded its portfolio, placing a special focus on cryptocurrencies, particularly Bitcoin (CRYPTO: BTC).

Today, its offerings include the ‘Bitcoin-only’ Cash App digital wallet service, the self-custody Bitcoin wallet Bitkey, the Bitcoin mining product suite Proto and the Bluetooth-powered messaging service Bitchat.

The firm announced a new strategy, effective April 2024, wherein it would allocate 10% of its monthly Bitcoin-related gross profit to purchase additional Bitcoins. It holds a total of 8,584 BTC, worth over $1 billion, as of this writing, according to Bitcoin Treasuries.

Price Action: Shares of Block closed 2.95% higher at $72.82 during Friday’s regular trading session. The stock has risen 81% over the last month. According to data from Benzinga Pro. Year-to-date, the coin has lost over 14%.

The stock exhibited a very high growth score--a measure of the stock’s combined historical expansion in earnings and revenue across multiple periods. How does it compare with Coinbase Global Inc. COIN and other cryptocurrency-related stocks? Visit Benzinga Edge Stock Rankings and find out.

Read Next:

$1 Billion Bitcoin Transfer Triggers Massive Liquidations -- This Is Where It Was Offloaded

Photo by Frederic Legrand – COMEO on Shutterstock

Recommended

Back This Medical AI Tech - Ad

If You Missed Tesla, Here's Your "Second Chance"... - Ad

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

President Donald Trump during a dinner with Republican lawmakers stated, that up to 5 jets were shot down during the India-Pakistan conflict.

Cathie Wood Doubles Down On Tesla Despite Leadership Exodus, Dumps $22 Million Of Crypto Stocks Amid Bitcoin Buzz

Cathie Wood-led Ark Invest made significant trades on Tuesday, involving major companies like Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Elizabeth Warren Has The Receipts: 'Bribery In Plain Sight' Funding Trump's Library

Several companies have donated to President Donald Trump's future presidential library. Senator Elizabeth Warren calls this potential "bribery in plain sight."

Rigetti Computing, Netflix, Johnson & Johnson, United Airlines And ASML: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks moved higher today, with the Dow Jones gaining more than 200 points, or 0.5%, to close at 44,254.78.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Russia insists on achieving Ukraine goals despite Trump's ultimatum

Russia is open to peace with Ukraine, but achieving its goals remains a priority, Kremlin spokesman Dmitry Peskov said Sunday, days after U.S. President to agree to a ceasefire or .

How Trump could use a building renovation to oust the Fed chair

WASHINGTON (AP) — President says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Drone attacks on oil fields in Iraq's Kurdish region shut down another facility

BAGHDAD (AP) — Drones targeted Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission.

Donald Trump Files $10 Billion Lawsuit Against WSJ And Rupert Murdoch

Donald Trump has filed a $10 billion defamation lawsuit against The Wall Street Journal and Rupert Murdoch.

Back the Biotech Company Unlocking Mushroom Health Benefits for All

Back the Biotech Company Unlocking Mushroom Health Benefits for All - Ad

Functional mushrooms can boost mental, gut, and immune health-but people can't grow them at home. One company is making it easy with a patent-pending kitchen device. Think Nespresso, but for mushrooms. The functional mushroom market is projected to nearly double by 2030.

MP Materials, Nvidia, AMD, Alibaba And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major indices were mixed on Tuesday with the Dow Jones Industrial Average falling nearly 1% to 44,023.29.

Nvidia-Supplier Taiwan Semiconductor On A Roll, Profit Explodes With Strong Margin Growth

Taiwan Semiconductor (TSM) reports strong Q2 results and expects continued growth in demand for advanced processor technologies, with revenue guidance of $31.8 billion to $33.0 billion for Q3.

FDA Submission Expected This Summer - Invest Before It Happens

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Trump Celebrates Stephen Colbert's Late Show Cancellation, Slams CBS And Calls Host Talentless Amid Paramount Settlement Controversy

President Donald Trump cheered CBS's cancellation of The Late Show with Stephen Colbert, calling the host talentless.

Trump's 'Happy Crypto Week' Gets Off To Rocky Start As House Suspends Votes On Key Bills

The House of Representatives called off Tuesday’s votes on pivotal cryptocurrency bills, citing a procedural failure.

Tap Into the $65B 'Shroom Boom'

Tap Into the $65B 'Shroom Boom' - Ad

People are rapidly discovering how mushrooms can enhance brain function, gut health, immunity, and more. The only thing holding them back? A simple way to grow them. Hypha Labs built a compact countertop device to solve exactly that.

Verizon Beats Expectations, Boosts Outlook — Here's Why Analysts Still See More Room To Grow

Verizon's Q2 results beat expectations, driven by wireless and broadband offerings. Analysts raised price targets, but net additions were lower.

Semiconductor Stocks React To Key Policies And Earnings

Semiconductor chip companies, including Nvidia, AMD, Broadcom, Marvell Tech, and Super Micro had a volatile week due to trade policies and earnings.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Lin-Manuel Miranda will turn 'Hamilton' 10th anniversary into a fundraiser for immigration services

plans to use the Broadway performance of his award-winning cultural phenomenon as a fundraiser for a coalition of nonprofits providing immigration services.

This New Themes ETF Lets You Bet On China's ChatGPT Rivals

American investors now have a new way to access China's AI market through Themes China Generative AI ETF, offering low expenses and exposure to Chinese talent.

Back This Medical AI Tech

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Connie Francis' 'Pretty Little Baby' became an unexpected TikTok hit — 63 years after its release

Connie Francis was a giant of 1950s and '60s sugary-sweet pop, notching more than a dozen hits. In the months she experienced one more in “Pretty Little Baby,” which has become a viral hit on TikTok six decades after its release.

Ethereum, XRP, SOL Surge After GENIUS Act: What's Driving The Altcoin Rally?

The altcoin rally may only be getting started and follows the signing of the GENIUS Act, the most significant U.S. crypto legislation to date, ushering in structural clarity for digital assets.

If You Missed Tesla, Here's Your "Second Chance"...

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Tim Walz: Trump 'Brings Out the Worst in Me'

Gov. Tim Walz (D-Minn.) offered a candid reflection on his rhetoric toward Donald Trump, acknowledging regret over earlier inflammatory comments made during the 2024 presidential campaign.

Inside the high-stakes battle to win a New York City casino license

NEW YORK (AP) — A Caesars Palace casino in the heart of Times Square. A sprawling gambling hall along Coney Island’s iconic boardwalk. A Hard Rock casino complex next to the home stadium of baseball’s New York Mets.

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon

Leaked Memo Points to $100 Trillion Wealth Transfer Starting Soon - Ad

The U.S. Department of the Interior's internal memo has leaked ... and the contents are shocking. A federally backed resource monetization plan may soon go live, and it could trigger a new gold rush into select energy and mineral stocks. Investing legend Whitney Tilson breaks it all down inside.

Stock Market Today: S&P 500, Nasdaq To Open Higher After Robust Meta, Microsoft Earnings—Investors Await Apple, Amazon Results

U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.

Trump-Backed DOJ Motion Seeks Release Of Jeffrey Epstein, Maxwell Grand Jury Transcripts

DOJ moves to unseal grand jury testimony related to Jeffrey Epstein and Ghislaine Maxwell following criticism over handling of documents.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Britain and Australia to sign 50-year nuclear submarine treaty

MELBOURNE, Australia (AP) — Britain and Australia announced they will sign a cooperation treaty to build Australian nuclear-powered submarines and welcomed a review by administration of the United States' role in the trilateral defense deal.

Colbert jokes about 'cancel culture' and has a very pointed message for President Donald Trump

Stephen Colbert returned for his first full program after that CBS was canceling his “Late Show” with some supportive late-night guests, a joke about cancel culture and an extremely pointed remark directed at President Donald Trump.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

Schlumberger, Stellantis And ASML Holding Are Among Top 10 Large Cap Losers Last Week (July 14-July 18): Are The Others In Your Portfolio?

Elevance Health and Waters led the weekly large-cap losers, hit by weak earnings, lowered guidance, and analyst downgrades.

Prediction Markets Hit Fever Pitch

As Kalshi and Polymarket achieve Unicorn status, markets are betting on blockchain to make future-gazing investable.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Trump administration appeals to Supreme Court to allow $783 million research-funding cuts

WASHINGTON (AP) — The Trump administration asked the on Thursday to allow it to cut hundreds of millions of dollars’ worth of research funding in its push to roll back federal diversity, equity and inclusion efforts.

Trending Now