Cash App Launches Full Bitcoin Proof of Reserves – Jack Dorsey Raises the Bar for Transparency**
Big news for Bitcoin holders: Block Inc. (the company behind Cash App and Square), led by Jack Dorsey, has officially rolled out **Proof of Reserves** this week.
For the first time, Cash App’s 60 million users — and the entire crypto community — can independently verify that every single Bitcoin in their balances is backed **1:1** with actual BTC held by Block. No third-party trust needed. Just cryptographic, on-chain proof that runs locally on your device.
**What the dashboard shows (Q1 2026 verification):
- **Total Bitcoin Holdings**: 28,355.05 BTC ≈ $2.2 Billion USD
- **Customer Holdings** (Cash App + Square): 19,357.16 BTC ≈ $1.5 Billion USD
- **Corporate Treasury**: 8,997.89 BTC ≈ $704.9 Million USD
Customer bitcoin is held 1-for-1. Every BTC you see in your Cash App balance = one BTC in cold storage controlled by Block.
This isn’t just marketing — it’s a massive step forward for custodial Bitcoin services after years of collapses and broken promises. Jack Dorsey and Block are proving they’re walking the talk: full transparency, real-time verification, and public accountability.
Why it matters:
- Sets a new industry standard for self-auditing
- Rebuilds trust in centralized platforms
- Shows institutions can hold BTC responsibly while giving users full visibility
In a world where “not your keys, not your coins” is the golden rule, Cash App just made custodial Bitcoin a lot safer and more verifiable.
What do you think — is this the future of Bitcoin custody or just the beginning? Drop your thoughts below 👇
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#Transparency