When the Crypto Attack Wall Street industry is not just billion. She also deposits her ideology: that of a more open, more decentralized, and fiercely autonomous financial world. The integration of block into the S&P 500 is a strong symbol. Traditional finance shudder, not because it collapses, but because it is forced to deal with a force that it does not master. Behind the clues, there is a cultural struggle.
In short
- Block replaces Hess in the S&P 500, doping its action by almost 9 % on Friday.
- The company holds 8,584 bitcoins and focus on Lightning Network for its payments.
- Its assertive crypto strategy distinguishes it from conventional fintechs and seduces passive index funds.
- Coinbase had opened the way two months ago, block confirms the crypto anchoring in Wall Street.
Bitcoin enters the dance: Block in the S&P 500
The company of Jack Dorsey, recently under the spotlight for its desire to rename the “SATS” in “bits”, has just received excellent new scholarship. L'announcement fell on Friday: Block Inc., Formerly square, will replace Hess Corp in the S&P 500 from the following Wednesday. Immediate result: A flight of 9 % of the title After the fence. This climb is not only technical. It is a recognition.
It is not a simple title. These are thousands of billions of passive flows that approach Bitcoin.
Wise advice on x
Clearly, index funds will now have to include a crypto company in their portfolios.
Block entrance occurs Two months after that of Coinbaseanother giant in the sector. At this rate, the crypto does not only enter the system: it redraws it. Block ticks all the boxes – market capitalization of $ 44 billionpositive results in the last four quarters, and more than 10 % public floating.
But it is not a simple alignment of the planets. This is the Jack Dorsey effect. Man is known for his attachment to Bitcoin. His company holds more than 8,500 BTC in its cash. It also plans to launch Bitcoin payments from 2026 via Square, relying on the Lightning Network. During Bitcoin 2025 in Las Vegas, Block has already demonstrated these payments in a merchandising shop.
In short, the old Twitter boss does not follow the current, he builds the card.
Behind the outbreak of action, a Bitcoin strategy has been thought of since 2021
Block has not always been perceived as a crypto company. Everything changes In 2021, when Square became block. The message is clear: priority to bitcoin. Since then, the evidence has been linked. Recently, Jeff Walton by Strive Funds noted that It has been 11 days since Block met the entry criteria at S&P 500.
Tweets are enthusiastic, but investors are taking note. Because history shows that the announcement of an entry into the index is the short -term actions. According to a note from Bernstein, companies earn an average of 4 % within 5 days of the announcement. But beyond the figures, it is the strategy that strikes.
- +8.49 % increase in the block title after the announcement of its entry into the S&P 500;
- +8,584 bitcoins held in block cash;
- +44 billion $ of market capitalization, well above the median of the index;
- +2026: planned launch of Bitcoin payments via square;
- +2 months: the gap between the entrance to Coinbase and that of Block in the S&P 500.
This rise in power leaves Robinhood on the bench. Despite a capitalization bordering on $ 100 billionthe trading platform has not been retained. Block had this little something extra: vision, tech, and above all … Bitcoin.
Jack Dorsey does not stop at Bitcoin in cash. Recently, he presented Bitchat, offline messaging, peer-to-peer and encrypted, which works without internet or servers. A nod to the Hong Kong demonstrators and the IRC of the 90s. A technology for crisis areas, resistant to censorship. This sums up man well: follower of a useful, secure, unattended – and, always decentralized finance.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
