Block (Square) to Raise $1.5B for Growth & Bitcoin Investments

Block Announces $1.5 Billion Notes Offering

Block, the fintech company led by Jack Dorsey (formerly known as Square), revealed its intention to raise $1.5 billion through a private offering of senior notes. The offering will be available to qualified institutional buyers.

The interest rates, maturity dates, and other key terms of the notes will be determined through negotiations between Block and the initial purchasers.

Key Takeaways

• Block intends to issue $1.5 billion in senior notes via private placement.
• Proceeds are intended for corporate initiatives, including:
  • Debt repayment
  • Strategic acquisitions
  • Capital investments
  • Working capital

Focus on Bitcoin Ecosystem

Block has a notable position in the Bitcoin space, holding a significant amount of BTC on its balance sheet. As of the second quarter of 2025, Block possesses 8,692 BTC, valued at over $1 billion. Recent activity includes acquiring 108 BTC in Q2 2025.

Beyond holding Bitcoin, Block is actively developing a Bitcoin ecosystem through its various brands, including:

• Square
• Cash App
• Afterpay
• Bitkey
• Proto

Proto, Block’s Bitcoin mining initiative, is expected to soon launch new Bitcoin mining chips. Square is also planning to introduce Bitcoin payment options for its sellers.