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Block, Jack Dorsey’s Fintech Company, Joins S&P 500 Index

2025-07-19 19:53:41

Block, Jack Dorsey’s Fintech Company, Joins S&P 500 Index

Main Idea

Block Inc., Jack Dorsey's fintech company, will join the S&P 500 index, replacing Hess Corp., effective July 23, 2025, leading to a significant stock price surge.

Key Points

1. Block Inc. will replace Hess Corp. in the S&P 500 index, with the change effective July 23, 2025.

2. Following the announcement, Block's shares surged 8.5% in premarket trading, reaching $79, with a market capitalization of $44.8 billion.

3. Block holds 8,584 BTC and is actively integrating bitcoin into its services, pursuing its own bitcoin accumulation strategy.

4. Analysts compare Block to Coinbase, which was the first cryptocurrency platform included in the S&P 500 in May 2025.

5. Block announced the launch of bitcoin payments within its Square division, with a full rollout scheduled for 2026.

Description

Entrepreneur Jack Dorsey’s fintech company, Block Inc., will join the S&P 500 index, taking the place of Hess Corp. The change was announced on July 18, 2025, and will go into effect before trading begins on July 23. Following the announcement, Block’s shares (ticker: XYZ) surged 8.5% in premarket trading to $79, according to TradingView . The company’s market capitalization now stands at $44.8 billion. Investors reacted strongly to the news, and analysts expect Block’s inclusion in the S&P 500 ...

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