TLDR
Block’s S&P 500 inclusion boosts stock price by 9%, marking a key crypto milestone.
Block holds 8,584 Bitcoins, driving support from the Bitcoin community.
Block replaces Hess Corp in the S&P 500, expanding crypto’s Wall Street footprint.
Block’s integration of Bitcoin payments via Square to roll out by 2026.
Jack Dorsey’s financial services company, Block Inc., will officially join the prestigious S&P 500 index. The announcement led to a surge in the company’s stock price, increasing nearly 9% in after-hours trading. This marks a significant milestone for both Block and the cryptocurrency space.
The inclusion of Block in the S&P 500 follows a similar move by Coinbase, which was the first cryptocurrency-related company to be added to the index just two months prior.
Block’s S&P 500 Inclusion
Block’s addition to the S&P 500 will replace US energy company Hess Corp. in the index. This change is set to take effect before trading begins on Wednesday. The S&P 500, an index that tracks the performance of the 500 largest U.S. companies, is known for its influence and recognition in the financial markets.
To qualify, companies must meet certain criteria, such as a market capitalization exceeding $18 billion and positive earnings in the most recent quarter. Block has met all the necessary requirements, making its entry into the index a noteworthy achievement.
Block’s stock price surged 8.49% after the announcement, reaching $79 per share. This rise in the stock price is further indicative of the positive market reception to the news. Over the past month, Block’s stock has increased by more than 14%, signaling growing investor confidence in the company. The news of Block’s S&P 500 inclusion has resonated not only with traditional investors but also with the broader cryptocurrency community, particularly because of the company’s involvement with Bitcoin.
Bitcoin Community’s Strong Reaction
The Bitcoin community has shown strong support for Block’s inclusion in the S&P 500. This is largely due to the company’s advocacy for Bitcoin and its strategy of holding the cryptocurrency as part of its treasury. Currently, Block holds approximately 8,584 Bitcoins. Crypto-focused accounts and traders quickly reacted to the news, emphasizing the importance of the company’s strong ties to Bitcoin.
WiseSummit, a popular crypto commentary account, referred to the news as “not just a headline,” suggesting that it would drive passive flows towards Bitcoin. The community sees this as a step toward more mainstream acceptance of cryptocurrencies in the traditional financial sector.
“Crypto roots + Fintech firepower = Wall Street’s new blueprint,” said crypto trader cryptothedoggy, expressing optimism about the growing integration of cryptocurrency within traditional financial markets. The sentiment within the Bitcoin community is clear: Block’s inclusion in the S&P 500 signifies further validation for the cryptocurrency and its growing influence in the financial world.
Future Speculation on Crypto Firms Joining the S&P 500
Block’s move to the S&P 500 has sparked speculation that other crypto-related firms may follow suit. The inclusion of Block comes just two months after Coinbase became the first cryptocurrency firm to be added to the index. As the crypto industry continues to grow and mature, experts anticipate that more companies in the sector may meet the necessary criteria for inclusion in the S&P 500.
On the heels of Block’s entry, Jeff Walton, vice president at Strive Funds Bitcoin Strategy, noted that Michael Saylor’s Bitcoin strategy had recently hit an all-time high in market capitalization, suggesting that the company could also qualify for the S&P 500 in the future.
The prospect of more crypto companies joining the index suggests that the traditional financial markets may be becoming more open to digital assets. This could be a key development for the ongoing integration of blockchain technology and cryptocurrencies into mainstream financial infrastructure.
Block’s Bitcoin Strategy and Future Plans
Block’s strategy involves more than just holding Bitcoin; the company is also pushing for the adoption of Bitcoin payments through its payments platform, Square. In May 2025, Block announced plans to integrate Bitcoin payments into Square, with a full rollout expected by 2026.
The company’s use of the Lightning Network, a faster and more affordable layer-2 solution for Bitcoin, will enable merchants to accept Bitcoin payments using existing Square hardware. This move aligns with Block’s broader strategy to integrate Bitcoin into its financial ecosystem, further cementing the company’s commitment to the cryptocurrency.
The announcement of Bitcoin payment integration via Square follows the company’s participation in the Bitcoin 2025 conference in Las Vegas. The event highlighted Block’s ongoing efforts to make Bitcoin more accessible to mainstream businesses and consumers. With these initiatives, Block is positioning itself as a leader in the fintech and cryptocurrency sectors, combining the strengths of both industries to offer new solutions for businesses and consumers alike.
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