Jack Dorsey’s company records a $173 million unrealized loss on its Bitcoin treasury, but raises 2026 forecasts following positive quarterly results.

Block Inc, the fintech company founded by Jack Dorsey, has released its first quarter 2026 results, reporting a Bitcoin revaluation loss of $173 million, tied to the fair value accounting of its BTC reserves. The loss contributed to an overall net loss attributable to common shareholders of $309 million for the quarter. Despite this, the company raised its full-year guidance, citing solid operational execution.

The Bitcoin loss is non-cash and unrealized in nature, reflecting the fair value measurement of the company’s Bitcoin treasury and customer reserves. In total, Block holds 28,355 BTC, worth approximately $2.2 billion. The adoption of fair value accounting standards exposes the balance sheets of companies with Bitcoin treasuries to quarterly fluctuations, as already seen in the case of Strategy and other players in the sector.

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