🏦 Block Inc. reported an unrealized profit of 433 million USD thanks to holding 9,117 $BTC as of 30/6/2026.
According to its Q2 SEC filing, the fair value of these Bitcoins reached 534 million USD versus a cost basis of 310.2 million USD. However, Block recorded an accumulated unrealized remeasurement loss of 261.3 million USD in the first half of the year; specifically, Q2 loss was 88.5 million USD—contrasting with a profit of 212.2 million USD in the same period of 2025.
Why is this noteworthy?
Block continued to buy another 234 BTC under its rule of reinvesting 10% of gross profit from Bitcoin each month, despite price volatility.
In simple terms:
Block is not selling—it's continuing to accumulate Bitcoin, betting on a long-term trend.
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Please do your own research before making any decisions (DYOR).
According to its Q2 SEC filing, the fair value of these Bitcoins reached 534 million USD versus a cost basis of 310.2 million USD. However, Block recorded an accumulated unrealized remeasurement loss of 261.3 million USD in the first half of the year; specifically, Q2 loss was 88.5 million USD—contrasting with a profit of 212.2 million USD in the same period of 2025.
Why is this noteworthy?
Block continued to buy another 234 BTC under its rule of reinvesting 10% of gross profit from Bitcoin each month, despite price volatility.
In simple terms:
Block is not selling—it's continuing to accumulate Bitcoin, betting on a long-term trend.
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Please do your own research before making any decisions (DYOR).