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

Trading Isn't Your Job. Let the System Handle It. - Ad

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Smarter Capital. No Screens. No Noise. - Ad

Marjorie Taylor Greene has bought stocks multiple times in 2025 and her recent disclosure adds to one of the stocks that drew the biggest red flags in 2025.

Dan Bongino Stunned by FBI's Recent Corruption Findings: 'I'll Never Be the Same After Learning What I've Learned'

FBI Deputy Director Dan Bongino has expressed deep concern over the discoveries of government corruption and weaponization.

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.

Mark Cuban Praised His 'Hustling' Son, But Told Kids: 'Figure Out Who You Are, You Don't Need To Follow In My Footsteps'

Jake Cuban embarked on an entrepreneurial journey reminiscent of his father's early business ventures by starting a side hustle selling candy at his school.

The Last Time This Warning Flashed, S&P 500 Crashed The Most Since 2008

A rare warning signal has reappeared in the market, with a low bull-bear spread and high investor indecision.

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.

Texas AG claimed three homes as primary residence. Democrats are being probed for similar issue

WASHINGTON (AP) — Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in Austin. Then another.

At 14, Jamie Dimon Owned His First Stock, Watched A 45% Market Crash Only To Learn This Investment Lesson: 'History Does Rhyme'

Jamie Dimon, the CEO of JPMorgan Chase & Co., revealed the pivotal investment lesson he learned as a teenager.

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.

When Jamie Dimon's Daughter Asked If They Have To 'Sleep On Streets' After He Was Fired From Citigroup: 'It Was My Net Worth, Not My Self-Worth...'

Jamie Dimon, recently shared a personal anecdote about the day he was fired from Citigroup and the impact it had on his family and career.

AMD Stock Is Sliding Tuesday: What's Driving The Action?

Shares of Advanced Micro Devices are trading lower Tuesday afternoon. The stock is caught in a broader downturn affecting the semiconductor industry.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

KLA Stock Rises 3.6% After Key Trading Signal

A significant trading signal occurred for KLA stock as it demonstrated a power inflow at $903.80, after which KLAC rose up to 3.6%.

Is Costco Stock Topping Out? Key Price Levels To Watch

Costco stock (COST) may have formed a long-term peak. Adhishthana Principles suggest the next move could define the stock's future trajectory.

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.

MicroStrategy's $14 Billion Bitcoin Gain Becomes A Footnote In Bold Treasury Vision

MicroStrategy Inc. (MSTR) shares down 6.15% as company reports Q2 revenue of $114.49M, beats estimates, and announces plan to transform into world's largest corporate treasury with increased bitcoin exposure and new capital strategy.

Elon Musk Changed His Number, Became Unreachable After Trump Feud, Reveals Speaker Mike Johnson: 'I Sent Him A Long Text Message, And Then...'

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has reportedly changed his phone number following a fued with President Donald Trump and disagreement with Speaker Mike Johnson over the Republican's tax-and-spending bill.

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 administration imposes limits on Mexican flights and threatens Delta alliance in trade dispute

The Trump administration imposed new restrictions Saturday on flights from Mexico and threatened to end a longstanding partnership between Delta Air Lines and Aeromexico in response to limits the Mexican government placed on passenger and cargo flights into Mexico City several years ago.

Illumina Stock: What Went Wrong And Why It's Best To Stay Away

According to the Adhishthana Principles, Illumina stock may remain under pressure for over 18 years — here's why.

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.

FDA Lifts Safety Hold On Sarepta's Muscular Dystrophy Gene Therapy—Wall Street Cheers

Sarepta stock sees upgrades and price hikes as analysts reassess Elevidys prospects following a favorable FDA development.

Forget 'Wealth': Warren Buffett Says This Word Is the True Measure of Success

Warren Buffett imparted his unique viewpoint on success, underscoring the significance of love and respect over the accumulation of wealth.

Trading Isn't Your Job. Let the System Handle It.

Trading Isn't Your Job. Let the System Handle It. - Ad

HiveMind AI handles trades for you-based on logic, not gut instinct. Built by pro traders. Runs 24/7. No emotions. No second-guessing. Want to deploy capital smarter?

Anthropic Study Shows AI Chatbots Can Transfer Their Bad Habits Through Hidden Signals In Data

AI systems can pick up hidden biases from data, leading to safety concerns. Study shows this can happen even with small models sharing architecture.

Parents of man who died in Colorado jail say nurses, deputies ignored his pleas for 15 hours

DENVER (AP) — The parents of a man who died alone in a Colorado jail cell after an ulcer burned a hole in his digestive tract and left him in what they said was excruciating pain for about 15 hours filed a federal lawsuit Monday, accusing the jail's nurses and sheriff's deputes of ignoring his cries for help.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

What we know about a new health data tracking system being announced by White House

WASHINGTON (AP) — President Donald Trump's planned announcement Wednesday of a that would make it easier for patients to access their health records and monitor their wellness is raising a host of privacy concerns.

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.

Smarter Capital. No Screens. No Noise.

Smarter Capital. No Screens. No Noise. - Ad

HiveMind AI handles trades for you-based on logic, not gut instinct. Built by pro traders. Runs 24/7. No emotions. No second-guessing. Want to deploy capital smarter?

Decade-Old Bitcoin Wallet Emptied, Millions in BTC Moved Amid Market Correction

A Bitcoin (CRYPTO: BTC) wallet that has been inactive for over a decade was emptied on Friday, marking a significant movement in the cryptocurrency market.

How Palantir, Tempus, Nvidia-Backed Recursion Are Disrupting Big Pharma

AI-native players like Palantir, Tempus, and Recursion are disrupting drug discovery and attracting investors, while Big Pharma struggles.

Tap Into the $65B 'Shroom Boom'

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

Bill Ackman Once Told An 11-Year-Old The Best Time To Invest In The Stock Market: Here Is What He Told The Child About Smart Money

Billionaire investor Bill Ackman once told an 11-year-old that the best time to invest is during periods of maximum uncertainty—like market turmoil from tariffs—because that's when smart money seizes long-term opportunity.

Jim Cramer: This Consumer Defensive Stock Is 'Pretty Expensive'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said that although CoreWeave, Inc. (NASDAQ:CRWV) is good, but Nvidia (NASDAQ:

Back This Medical AI Tech

Back This Medical AI Tech - Ad

Ranchers in southern Mexico are struggling against a flesh-eating parasite infecting livestock

CINTALAPA, Mexico (AP) — With Mexican cattle again barred this month from entry to the United States over fears of spreading a flesh-eating parasite, ranchers and veterinarians in Mexico hundreds of miles from the border are fighting what has U.S. agricultural authorities so on edge.

Bitcoin Could Explode to $136,000 if This Happens, Says Analytics Firm

In a recent prediction by analytics platform Glassnode, Bitcoin‘s (CRYPTO: BTC) value could potentially surge by roughly 15%, reaching a staggering $136,000, if current demand continues. However, there is a possible hitch to this prediction.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Federal Reserve Governor Adriana Kugler Resigns, Handing Trump A Key Vacancy Ahead Of Powell's Term End

Adriana Kugler, a Fed governor, will step down on Aug 8. Her exit may affect Fed leadership succession amid Trump's tensions with Powell.

Trending Now

How to Hack a $1.3T Market - Ad

Bitcoin Flat As $1 Billion Whale Move Sparks Speculation, Ethereum, Dogecoin Spike: Analyst Says BTC's Next Leg Up Will Pump It Above $130,000

Smarter Capital. No Screens. No Noise. - Ad

Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz

Back This Medical AI Tech - Ad

Samsung Electronics Shares Fall 2.54% Following Tesla's $16.5 Billion AI Chip Manufacturing Agreement

Kraken Aims To Raise $500 Million, Second-Largest US Crypto Platform Eyeing A $15 Billion Valuation: Report

Is Elon's Empire Crumbling? - 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?

How to Hack a $1.3T Market - Ad

Netflix Courts YouTube Stars To Feed Its 'Hungry Audience Waiting To Be Entertained' — Co-CEO Ted Sarandos Hints At Premium Platform Edge Amid Creator Gold Rush