Block joins the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron. Block joins with a 0.09% weight and 8,584 BTC in reported holdings, making the company founded by Jack Dorsey the owner of $1 billion worth of Bitcoin.

Block joins the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron. Block joins with a 0.09% weight and 8,584 BTC in reported holdings, making the company founded by Jack Dorsey the owner of $1 billion worth of Bitcoin.

Source: https://cryptoslate.com/block-joins-sp-500-becomes-third-bitcoin-holding-firm-in-the-index/