Highlights:
- Block Inc (XYZ) added 340 Bitcoin worth approximately $22 million, bringing its total holdings to 8,883 BTC.
- The company recently cut more than 4,000 jobs to streamline operations and improve productivity using AI tools.
- Block shares soared more than 20% after revenue met expectations and revenue beat estimates.
Block reported purchasing 340 bitcoins in the fourth quarter of 2026, expanding its long-term financial strategy for digital assets. The company said the newly acquired stake was valued at approximately $22 million at the time of disclosure and was added to its balance sheet as a reserve asset.
This purchase strengthens the Bitcoin-focused strategy that has been in the works since Block’s initial funding allocation. According to data from BitcoinTreasuries, Block currently holds a total of 8,883 BTC on its books, making it one of the top public companies holding Bitcoin.
Block Inc Adds Bitcoin to Treasury
Bitcoin positions were valued at approximately $777.5 million at the end of 2025. Additionally, the company recorded a remeasurement loss of approximately $55.9 million during the fourth quarter due to the decline in Bitcoin market price. Nonetheless, Block reported that total profits for the Bitcoin ecosystem increased by about 10% year-over-year in the fourth quarter, driven in part by shipments of proto-mining hardware units.
Blockchain has been in the spotlight with massive restructuring moves along with the Bitcoin update. In a memo shared with X, Dorsey confirmed that the company had laid off more than 4,000 employees in one day. The layoffs account for nearly 40% of the block’s workforce. The company said the cuts were part of a shift to a leaner operating structure that relies more on AI tools to support productivity.
The layoffs come after a hiring surge between 2019 and 2022, during which Block’s workforce grew from about 3,900 to more than 12,500. Dorsey acknowledged that the company had expanded too quickly during that period and said management had already begun restructuring in mid-2024 to return the organization to a more integrated structure. He added that Block’s current focus is to increase gross profit per employee to more than $2 million, compared to about $500,000 per employee over the past five years.
The job cuts attracted a lot of attention across the technology and cryptocurrency sectors. Changpeng Zhao, known as CZ, commented on the development of social media. He wrote that companies that fully apply artificial intelligence tools are likely to reap productivity gains, while others risk being replaced.
Reality: Learn how to get the most out of AI or you’ll be fired. https://t.co/6MbjyfiEw5
— CZ 🔶 BNB (@cz_binance) February 27, 2026
Despite the scale of the layoffs, investors responded positively to the block’s financial update. The company’s stock price soared in after-hours trading following the announcement. The stock rose more than 20%, moving close to $66 after closing the previous session at $54, according to data from TradingView.
The stock price move came as Block’s fourth-quarter results met market expectations. The company reported earnings per share of $0.65 for the quarter. Revenue of $6.25 billion was slightly above analyst estimates of $6.22 billion. For the full year 2025, the bloc recorded total profits of $10.36 billion, up 17% from the previous year. Adjusted diluted earnings per share were $2.37, and adjusted operating income totaled $2.08 billion, representing a margin of 20%.
The combined results suggest that the company is balancing cost restructuring with continued investment in Bitcoin infrastructure. The company’s Proto division, which focuses on mining hardware, remains a key part of that strategy. Executives said the unit aims to support the decentralization of mining and build new revenue streams connected to Bitcoin’s broader ecosystem.
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