Block Boosts Bitcoin Holdings to 8,692 BTC in Q2 as Revenue Rises

Block Inc., led by CEO Jack Dorsey, continued its strategic accumulation of Bitcoin in Q2 2025 by adding 108 BTC to its holdings, raising the total to 8,692 BTC, valued at approximately $1.15 billion. The company reported a 1.5% increase in total revenue to $6.05 billion and an 8.2% rise in gross profit to $2.54 billion, driven significantly by Bitcoin-related activity through Cash App, which generated $2.14 billion in sales. Block integrates Bitcoin across its business lines, including plans for Bitcoin payments via Square and development of mining hardware, reflecting a sustainable approach to corporate Bitcoin adoption. Meanwhile, Cipher Mining Inc. reported impressive growth with $44 million in Q2 revenue, a substantial rise from the previous quarter, driven by expanded mining operations increasing its capacity to 16.8 EH/s, with plans to reach 23.5 EH/s soon. Cipher Mining's operational scaling, supported by a $172.5 million convertible note offering, positions it for long-term value creation and potential influence on Bitcoin network hashrate and liquidity. Both companies exemplify significant corporate engagement with Bitcoin, combining financial growth with expanded crypto integration and mining capabilities.