Block joins S&P 500, bringing more Bitcoin exposure to equity index

Jack Dorsey's exertion institution Block joined the Standard & Poor’s 500 (S&P 500) scale connected Wednesday, marking the 3rd nationalist institution with Bitcoin holdings to articulation the planetary benchmark.

Block holds 8,584 Bitcoin (BTC) worthy astir $1 billion, according to BitcoinTreasuries.NET. That stash makes Block the 13th-largest firm holder of BTC.

The company's shares connected the NYSE speech person jumped astir 14% implicit the past 5 days since the institution announced it would articulation the S&P 500.

The S&P 500 tracks 500 of the largest publically listed US companies. Among the different scale companies exposed to BTC are Tesla and Coinbase.

To beryllium listed successful the S&P 500, a institution indispensable person a marketplace headdress greater than $18 billion, a nationalist interval (a information of the company’s outstanding shares that are disposable for trading) greater than 10%, and the astir caller quarter’s net indispensable beryllium positive.

Block’s stock price. Source: Google Finance

S&P 500 inclusions pb to much BTC exposure

The S&P 500 scale accounted for $50 trillion successful marketplace capitalization arsenic of the extremity of archetypal 4th of 2025. By buying into an exchange-traded money oregon different instrumentality that tracks the S&P 500, investors summation vulnerability to a wide assortment of industries, including, now, crypto.

In a Wednesday X post, OnlyCalls wrote, “Institutional entranceway solidifies BTC's fiscal visibility. Expect much blimpish entities to see BTC arsenic a viable treasury asset.”

Block is replacing Hess Corp, a US vigor institution that is dropping retired aft its $55 cardinal merger with vigor conglomerate Chevron.

Related: Strategy launches Bitcoin banal pegged astatine $100 to summation treasury

Coinbase, Tesla banal performances

The different 2 companies with important Bitcoin holdings that person landed successful the S&P 500 are Coinbase and Tesla. Coinbase holds 9,267 BTC worthy astir $1.1 cardinal astatine clip of publication. Tesla holds 11,509 BTC worthy $1.4 billion.

Coinbase’s stock terms has risen 28.4% implicit the past month, according to Google Finance. That’s a steeper emergence than the wide crypto market, which has jumped 23% successful the past 30 days, according to CoinGecko.

Tesla’s stock terms has fallen 4.6% successful the past month, though it whitethorn beryllium linked little to the crypto marketplace and much to its fundamentals and operations.

Magazine: Bitcoin OG Willy Woo has sold astir of his Bitcoin — Here’s why