[Block Inc. Reports $309 Million Q1 Loss, Holds 28,400 Bitcoins] According to The Block, Jack Dorsey's Block Inc. released its financial report for the first quarter of 2026, recording a $173 million non-cash Bitcoin revaluation loss due to fair value measurement of Bitcoin, resulting in a net loss of $309 million attributable to common shareholders. Currently, Block holds 28,400 BTC, valued at approximately $2.2 billion. The company's total gross profit increased by 27% year-over-year to $2.91 billion, with Cash App gross profit rising 38% to $1.91 billion. Adjusted operating profit margin reached 25%, and adjusted earnings per share grew 52% to $0.85. Cash App's Bitcoin business declined 31% year-over-year, with the crypto business contributing almost negligibly to gross profit. Block raised its full-year guidance, projecting a 19% year-over-year increase in gross profit and a 62% growth in adjusted diluted earnings per share.