Block Files for Bitcoin Trust Bank
Block Inc. has applied to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, N.A., a federally regulated institution focused on digital asset custody and fiduciary services. The proposed national trust bank would support bitcoin, stablecoins and related digital assets under direct OCC supervision, extending Block’s crypto operations into a […]
Block’s Bitcoin Proof-of-Reserves Dashboard Raises the Transparency Bar
Block Inc. has published a public proof-of-reserves dashboard showing control of approximately 28,355 BTC, a balance the company valued at about $2.2 billion. The disclosure separates customer-held Bitcoin from corporate treasury assets and gives outside observers a way to cryptographically verify balances directly against the Bitcoin ledger.
Block adds stablecoins to Cash App despite Jack Dorsey’s opposition
Block is preparing to bring stablecoin transactions to Cash App by early 2026, marking a notable strategic shift for a company that has long positioned Bitcoin at the center of its crypto identity. The decision suggests that customer demand and competitive pressure are now outweighing the ideological purity of a Bitcoin-only payments approach.