Jack Dorsey’s Block Joins S&P 500 Index

Jack Dorsey’s Block, formerly known as Square, has been added to the S&P 500 index effective July 23, 2025, marking a significant milestone reflecting the company’s strength.

Block’s recent inclusion in the S&P 500 signifies its growing influence in cryptocurrency and fintech sectors, potentially increasing institutional investment and market interest. This move highlights the larger trend of traditional finance embracing digital assets.

Block, co-founded by Jack Dorsey and Jim McKelvey, has evolved from a payment processor into a diversified fintech entity. The company offers solutions like Square, Cash App, and Bitcoin-centric products such as Bitkey and Proto, expanding its market footprint.

“Block has been added to the S&P 500, effective July 23, 2025. It’s a milestone that reflects the strength of our business and the work of thousands of people building tools to increase access to the economy, across our brands including Square, Cash App, Afterpay, TIDAL, Proto, and Bitkey. Thanks to our customers, teams, and shareholders who’ve been with us on the journey. We’re just getting started.” – Block Official Statement

The S&P 500 listing is expected to augment institutional buying, boosting Block’s stock by about 10%. Analysts speculate this move will enhance investor confidence in cryptocurrencies, pointing to increased participation from traditional finance channels.

The inclusion may prompt shifts in financial and market landscapes, with Bitcoin prominently affected. Historical precedents such as Tesla’s and Coinbase’s index inclusions suggest potential for elevated crypto valuation and broader adoption.

Analysts foresee Block’s index listing fostering regulatory engagement and catalyzing technological advancements. Increased institutional interest in cryptocurrencies is likely to bolster digital asset legitimacy in conventional financial ecosystems. This event marks a pivotal moment in integrating cryptocurrency into mainstream markets.