Main highlights:
- Block Inc (XYZ) added 340 Bitcoins worth approximately $22 million, increasing its total holdings to 8,883 $BTC.
- The company recently cut more than 4,000 jobs using AI tools to streamline operations and improve productivity.
- Block shares rose more than 20% after profits met expectations and sales exceeded expectations.
Block reported that it purchased 340 Bitcoin in the fourth quarter of 2026, expanding its long-term financial strategy around digital assets. The company said its newly acquired holdings were valued at approximately $22 million at the time of disclosure and were added to its balance sheet as a reserve asset.
The acquisition strengthens Block’s Bitcoin-focused strategy that has been in place since his initial financial allocation. According to data from BitcoinTreasuries, Block currently ranks among the top publicly traded companies holding Bitcoin, with a total of 8,883 holdings. $BTC It’s in that book.
Block Inc adds Bitcoin to Treasury
The Bitcoin position is valued at approximately $777.5 million at the end of 2025. The company also posted a remeasurement loss of approximately $55.9 million in the fourth quarter due to the decline in Bitcoin market prices. Still, Block reported that its gross profit from the Bitcoin ecosystem increased by about 10% year-over-year in the fourth quarter, driven in part by shipments from its protomining hardware division.
Alongside the Bitcoin update, the block also attracted attention for a major restructuring move. In a memo shared with X, Dorsey acknowledged that the company laid off more than 4,000 employees in one day. The layoffs represent nearly 40% of Block’s employees. The company said the job cuts are part of a shift to a leaner operating structure that increases its reliance on AI tools to support productivity.
The layoffs followed a period of rapid hiring from 2019 to 2022 during which Brock’s workforce grew from approximately 3,900 to more than 12,500. Dorsey acknowledged that the company had expanded too quickly during this period and said management had already begun a restructuring in mid-2024 to return the organization to a more unified 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 layoffs attracted widespread attention across the technology and cryptocurrency sectors. Changpeng Zhao, known as CZ, commented on the development on social media. He writes that companies that fully apply artificial intelligence tools are likely to gain a productivity advantage, while others risk being chased out.
Reality: If you don’t learn how to get the most out of AI, you’ll be fired. https://t.co/6MbjyfiEw5
— CZ🔶BNB (@cz_binance) February 27, 2026
Despite the scale of the job cuts, investors responded positively to Block’s financial update. The company’s stock soared in after-hours trading following the announcement. Shares rose more than 20%, rising to nearly $66 after closing at $54 in the previous session, according to TradingView data.
The stock price movement was due to Block’s fourth quarter results matching market expectations. The company reported earnings per share of $0.65 for the quarter. Sales reached $6.25 billion, slightly exceeding analysts’ expectations of $6.22 billion. For the full year 2025, Block posted gross profit of $10.36 billion, up 17% year over year. Adjusted diluted earnings per share were $2.37, with adjusted operating income totaling $2.08 billion and a margin of 20%.
The overall results suggest that companies are balancing cost restructuring with continued investment in Bitcoin infrastructure. The company’s proto division, which focuses on mining hardware, remains a central part of its strategy. Management said the division aims to support decentralization in mining and create new revenue streams tied to Bitcoin’s broader ecosystem.
Also read: GD culture sells Bitcoin holdings to support buybacks
