Remember Jack Dorsey? Dorsey co-founded Twitter and left the helm not long before Twitter became X.

After leaving Twitter, apart from growing a sizeable beard and wearing colourful shirts, Dorsey pivoted to finance and created Square, which quickly remained to Block.

Block focuses mostly on digital payments and cryptocurrency, and it currently holds 8,584 BTC.

The company is worth more than we thought, with a market cap north of $18 billion and positive earnings, which means it fits the criteria required to join the S&P 500.

Translated? We now have another S&P 500 company with BTC in its balance sheet.

Coinbase is also part of the S&P 500.