Block Inc., a Fintech Company founded by Jack Dorsey and Home of Cash App and Square, is taking part in the S&P 500 this week. The news rose 10% outside of business hours on Friday as investors welcomed the company into Club of America’s largest public company.
The block replaces index oil company Hess Corp. The change means that after Chevron completed Hess’ $54 billion acquisition on July 18th, Hess is no longer eligible to enter the index.
According to S&P Global, the fintech company will be added to the index before it opens on Wednesday, July 23rd. This is the second addition to this week’s S&P 500 after replacing the ANSYS obtained by Synopsys.
In the case of Block, this is not just a new bullet point on your resume. This is a major milestone for the company. From its humble beginnings as a simple payments company called Square, the company grew into a full-fledged financial technology company.
We currently provide loan services such as Cash App Rountor and are deeply involved in Bitcoin.
Block has 8,584 Bitcoins in the Ministry of Corporate Treasury and is developing a Bitcoin payment feature for merchants through Square.
At the Bitcoin 2025 conference, Square announced the adoption of Bitcoin Lightning Network, a faster, cheaper transaction technology.
Analysts say this is more than a headline. This is because trillions of passive flows create a pathway to approach Bitcoin.
Dorsey’s company is the second digital asset company to join the S&P 500 after Coinbase, which joined in June, and became a top-performing stake with a profit of 43% last month.
Both companies offer something new to traditional investors: passive exposure to Bitcoin. With more index funds and ETFs tracking the S&P 500, you will need to hold shares in companies like Block and Coinbase, whether you want to invest in Bitcoin or not.
For many traditional investors, having some exposure to Bitcoin is becoming a new normal, even if they are not actively looking for it.
The broader digital asset market is also hot. Global digital assets’ market capitalization reached $4 trillion for the first time. 61% of that is captured by Bitcoin.
This came after the new US law (the act of clarity and genius). President Donald Trump reports that it’s okay to have Americans put Bitcoin in the 401(k).
By joining this world-renowned index, the block stands out even more for large institutional investors, especially those who run index funds. Historically, companies have been added to S&P and have seen pops of stock prices and trading volumes.
The company’s $44.8 billion market capitalization, positive revenue and public floats of over 10% meet the S&P 500 criteria. Analysts have been expecting this for months.
