Bitcoin News Today: Block Joins S&P 500 Boosting Bitcoin Exposure as Stock Rises 7.22%

Block Inc., the payments and cryptocurrency-focused company founded by Jack Dorsey, has joined the S&P 500 index as of July 23, 2025, replacing energy firm Hess Corp. following its $55 billion acquisition by Chevron [1]. This inclusion marks the third publicly traded company with Bitcoin (BTC) holdings to enter the index, joining Coinbase and Tesla. Block’s entry is expected to increase institutional exposure to Bitcoin, reflecting growing acceptance of digital assets in mainstream finance.

The company holds 8,584 BTC valued at approximately $1 billion on its balance sheet, according to Bitcoin Treasuries [2]. This positions Block as the 13th-largest corporate holder of Bitcoin, offering investors indirect access to the cryptocurrency through the S&P 500. The index, which tracks 500 of the largest U.S. publicly listed companies, requires firms to meet criteria such as a market cap above $18 billion, a public float exceeding 10%, and positive earnings in the most recent quarter [3].

Block’s stock surged 7.22% to $78.08 per share on July 23, driven by investor enthusiasm for its inclusion [4]. The move follows a broader trend of crypto-related companies gaining traction in traditional markets. Coinbase, which already holds 9,267 BTC worth $1.1 billion, has seen its share price rise 28.4% over the past month, outpacing the 23% gain in the broader crypto market [5]. Tesla, with 11,509 BTC valued at $1.4 billion, has seen a 4.6% decline in its stock over the same period, reflecting challenges tied to its core business operations [6].

Analysts suggest Block’s inclusion signals a shift in institutional perception of Bitcoin as a treasury asset. “Institutional entrance solidifies BTC’s financial visibility. Expect more conservative entities to consider BTC as a viable treasury asset,” noted an X post from OnlyCalls [3]. However, the S&P 500’s exposure to Bitcoin via Block is considered modest, with the index’s total market capitalization reaching $50 trillion as of Q1 2025. The addition does not imply endorsement of Bitcoin’s price trajectory but underscores the sector’s maturation since Coinbase’s 2021 inclusion [9].

The S&P 500’s evolving composition to include crypto-linked firms highlights the interconnectedness of traditional and digital markets. On July 23, Bitcoin traded near $118,500 amid institutional accumulation, while the Dow Jones rose by 400 points following a trade deal announcement [7]. Block’s inclusion is also seen as a test of Dorsey’s vision to bridge traditional finance and decentralized systems [5].

Source:

[1] [S&P 500 Adds More Bitcoin Exposure With Block's Inclusion] (https://financefeeds.com/sp-500-adds-more-bitcoin-exposure-with-blocks/)

[2] [Jack Dorsey's Block joins the S&P 500, what does this mean for crypto?] (https://mugglehead.com/jack-dorseys-block-joins-the-sp-500-what-does-this-mean-for-crypto/)

[3] [Jack Dorsey's mainstream dream faces test as Block joins ...] (https://www.mercurynews.com/2025/07/23/jack-dorseys-mainstream-dream-faces-test-as-block-joins-sp-500/)

[4] [Block Inc. (XYZ) Jumps 7% on S&P 500 Inclusion] (https://finance.yahoo.com/news/block-inc-xyz-jumps-7-194317043.html)

[5] [Block surges before S&P 500 debut] (https://www.linkedin.com/news/story/block-surges-before-sp-500-debut-6991001/)

[6] [Coinbase Global, Inc. (COIN.VI) Latest Stock News & ...] (https://finance.yahoo.com/quote/COIN.VI/news/)

[7] [Bitcoin Holds $118K as Crypto Market Surpasses $4 Trillion ...] (https://www.ig.com/uk/news-and-trade-ideas/bitcoin-holds-near--118-500-as-crypto-market-surpasses--4-trilli-250723)

[9] [Coinbase Global, Inc. (COIN.VI) Latest Stock News & ...] (https://finance.yahoo.com/quote/COIN.VI/news/)