Block Inc., led by Jack Dorsey, officially joined the S&P 500 on July 23, 2025, marking a significant milestone with its focus on Bitcoin.
The company, known for its significant Bitcoin holdings, saw a remarkable 7% stock surge following its inclusion announcement.
Block Inc. Enters S&P 500 with Bitcoin Focus
Block Inc., led by Jack Dorsey, officially joined the S&P 500 on July 23, 2025. The company is noted for its significant Bitcoin holdings. Dorsey has been a vocal advocate for Bitcoin adoption, integrating it extensively into Block’s platforms.
S&P Dow Jones Indices, Official Operator, “Block Inc. (NYSE: XYZ) will replace Hess Corp. (NYSE: HES) in the S&P 500 effective prior to the opening of trading on Wednesday, July 23.”: S&P Dow Jones
Block Sees 7% Stock Surge Following S&P Inclusion
Inclusion mandate increases capital flows as S&P 500 index-tracking funds acquire Block shares. The company experienced a 7% stock price surge post-announcement. Bitcoin, held by Block, impacts market exposure significantly, influencing future investor engagement.
Comparing Block’s S&P 500 Entry to Tesla’s 2020 Inclusion
Block’s addition is reminiscent of Tesla’s S&P 500 entry in December 2020, noted for its Bitcoin holdings. Crypto expert Kanalcoin emphasizes the importance of Bitcoin integration in corporate strategies, citing past trends showing increased investor confidence post-inclusion.
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