Block's Stock Rises Nearly 10% on S&P 500 Inclusion Announcement.

Block's shares surged nearly 10% in extended trading on Friday after the fintech firm was added to the constituents of the S&P 500 index, replacing another company. The inclusion in the benchmark index is expected to increase Block's visibility and attract more investors.

Block Inc., the fintech company led by Jack Dorsey, saw its shares surge nearly 10% in extended trading on Friday after being added to the S&P 500 index. The company will replace Hess Corp., which was acquired by Chevron. The inclusion in the benchmark index is expected to enhance Block's visibility and attract more investors.

Block's shares jumped over 10% in premarket trading to $79, according to TradingView, following the announcement. The company's market capitalization now stands at $44.8 billion [2]. The addition to the S&P 500 is a significant milestone for the fintech company, which has been expanding its services to include cryptocurrencies, lending, and other financial services.

The move comes after Block reported disappointing quarterly results in May, with the company citing challenging economic conditions due to sweeping tariff announcements by President Donald Trump. Despite the setback, Block's inclusion in the S&P 500 is seen as a vote of confidence from the investment community.

Block's addition to the S&P 500 is expected to increase demand for its shares among institutional investors, who often rebalance their portfolios to reflect changes in the index. The cryptocurrency community also welcomed the move, viewing it as further evidence of mainstream acceptance of the industry. Block currently holds 8,584 BTC and is actively integrating Bitcoin into its services [2].

The inclusion of Block in the S&P 500 is governed by strict financial criteria, including recording positive net income over the most recent four quarters, achieving a market capitalization above $18 billion, and maintaining sufficient liquidity. Block has long met these requirements [2].

Block's addition to the S&P 500 is expected to boost its visibility and attract more investors, potentially driving its stock price even higher. The company's substantial holdings of 8,584 bitcoins contribute to its attractiveness to investors [3].

References:
[1] https://www.cnbc.com/2025/07/18/block-shares-soar-on-entry-into-sp-500.html
[2] https://cryptorank.io/news/feed/1fc4c-block-jack-dorsey-s-fintech-company-joins-s-and-p-500-index
[3] https://www.ainvest.com/news/bitcoin-news-today-block-stock-surges-8-5-10-500-inclusion-2507/