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Block inc (XYZ) actions have increased by more than 9% of pre-commercial exchanges while the fintech focused on Jack Dorsey Bitcoin is preparing to join the S&P 500 index this week.
The action reached $ 79.26 on Robinhood at 3 h 21 hne and increased by more than 22% last week, stimulated by the optimism of investors after the announcement of the S&P.
Block inc to reach Coinbase in the S&P 500
Originally founded as a square in 2009, the company pivoted to be mainly a provider of payment services and mobile payment solutions to focus more on blockchain, rebranding in Block Inc in December 2021.
Now, Block Inc will replace the American energy company Hess Corp in the S&P 500, during its acquisition by Chevron.
It will also become the second crypto oriented company to join the reference index in recent weeks, and arrives about two months after the Crypto Exchange US Coinbase head has entered the S&P 500.
$ BTC The dominance slips at 59.8% while altcoins take momentum.
🇯🇵 The electoral shock of Japan stimulates the thrust to reduce the tax on cryptography from 55% to 20%, unlocking 20 T $ in savings.
Meanwhile, Jack Dorsey’s Block Inc joins the S&P 500 – a milestone for $ BTC-The native companies.#Bitcoin #Crypto #Altcoins… pic.twitter.com/ovbisvbcci
– Wise Crypto (@wisecrypto_) July 21, 2025
Block included among the biggest corporate bitcoin holders
As part of its commitment to blockchain and digital assets, the company announced last year that it would start to invest 10% of its Bitcoin profits each month in BTC.
Until now, the company has acquired 8,584 BTC thanks to this strategy, which classifies it as the 11th largest holder of Bitcoin d’Entreprise, data Bitcoin treasure show.
With BTC trade At $ 119,449.64 at 7:40 a.m., the total company’s assets is equivalent to more than $ 1.025 billion.
Classified at number 10 is another S&P 500 Coinbase, with its assets of 9,267 BTC.
Block Inc has also opened its treasure plan that other companies seeking to add Bitcoin to their balance sheets can follow.
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