Jack Dorsey’s Block Inc Surges 9% Ahead Of S&P 500 Debut

Block Inc (XYZ) shares surged greater than 9% in pre-market buying and selling as Jack Dorsey’s Bitcoin-focused fintech prepares to affix the S&P 500 index this week.

The inventory hit $79.26 on Robinhood as of three:21 a.m. EST and is up over 22% prior to now week, boosted by investor optimism following the S&P announcement.

Block Inc To Be part of Coinbase In The S&P 500

Initially based as Sq. in 2009, the corporate pivoted from being primarily a cost companies and cellular cost options supplier to focus extra on blockchain, rebranding to Block Inc in December 2021.

Now, Block Inc will exchange US power firm Hess Corp within the S&P 500, upon its acquisition by Chevron. 

It is going to additionally turn out to be the second crypto-orientated firm to affix the benchmark index in latest weeks, and comes roughly two months after main US crypto alternate Coinbase entered the S&P 500. 

$BTC dominance slips to 59.8% as altcoins acquire momentum.

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In the meantime, Jack Dorsey’s Block Inc joins the S&P 500 — a milestone for $BTC-native corporations.#Bitcoin #Crypto #Altcoins… pic.twitter.com/oVbISVbccI

— Sensible Crypto (@WiseCrypto_) July 21, 2025

Block Inc Amongst The Largest Company Bitcoin Holders

As a part of its dedication to blockchain and digital belongings, the corporate introduced final 12 months that it’s going to start investing 10% of its Bitcoin income every month into BTC. 

Thus far, the corporate has acquired 8,584 BTC via this technique, rating it because the eleventh greatest company Bitcoin holder, knowledge from Bitcoin Treasuries reveals. 

With BTC buying and selling at $119,449.64 as of seven:40 a.m. EST, the corporate’s complete holdings equate to over $1.025 billion.

Ranked at quantity 10 is fellow S&P 500 agency Coinbase, with its holdings of 9,267 BTC. 

Block Inc has additionally open-sourced its treasury blueprint that different firms trying so as to add Bitcoin to their steadiness sheets can observe.

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