Block Inc. Joins S&P 500 as Bitcoin Holdings and Products Gain Fame

Block Inc. Enters S&P 500 as Crypto Gains Mainstream Momentum

In a major move, Jack Dorsey’s Block Inc. will officially joins the index on July 23, Replacing Hess Corp. The announcement came when Hess Corp. stepped down after being acquired by Chevron. The sparking news pushed the company’s stock value up by nearly 9% in after hours on Friday, positioning around $79 to $80. It is reported by Google Finance that Company’s shares jumped ~14.5% in the last 30 days.

Source: X

But why is it exaggerating so much? Well the answer is easy. Block Inc.  (before known as Squares) has strong ties with Bitcoin which is unusual for most of the indexes listed, that is why both the traditional finance and crypto world are celebrating.

Firm Holds Over $1 Billion in BTC

The Giant is not just a Fintech Company but one of a major public sector firm which holds a great sum of Bitcoin . As of today it has 8,584 BTC in its balance sheets which is roughly worth $1.02 billion, contributing to the firm's under top ten world rank in most BTC holding companies.

Eligibility: What Made Company Entery in S&P 500?

To make an entry on the S&P 500 list, a company must meet the requirements set by the platform. The major requirements include a market cap of above $18 billion, at least or more than 10% of shares available to the public, must be profitable in the following quarter, and last 4 quarters earn a positive GAAP.

Block Inc. Meet all the necessary requirements and has a higher market cap of $43.5 billion than most of the listed companies.

Future S&P 500 Candidates in the Crypto Space

Earlier this year, Coinbase became the first ever complete crypto organisation to be added to the S&P 500, and Block Inc. is also announced to be. Now it is highly anticipated that next candidate must be Michal Saylor’s Strategy ETF, which is also setting high goals by its recent all-time hit in the market value and qualifies for 11 consecutive days, showing a strong potential towards soon entry in S&P as well.

Source: Tradingview

Organisation’s Bitcoin Products Are Growing

Block is not only storing BTC, it's facilitating its use. At the Bitcoin 2025 conference, the company announced it will soon allow Square merchants to accept payments in BTC via the Lightning Network, which is cheaper and faster.

The Tech Giant also rolled out Bitkey, a wallet that allows users to securely store their own Bitcoin. These products demonstrate that company is emerging as a leading builder in the space of B-Coin.

Final Thoughts: A Big Step Toward Crypto Adoption

Block Inc. inclusion in S&P 500 isn't solely the result of one company's success, instead, it illustrates how golden asset and crypto have evolved, crypto is becoming an increasingly stronger presence in international finance. It indicates that Bitcoin is entering the financial mainstream, and other companies might be next to follow in footsteps.