Jack Dorsey’s Block, With Over $1 Billion In Bitcoin Holdings, Set To Join S&P 500 — Shares Pop 8% In Overnight Trading
Posted On July 21, 2025
Block, Inc. (NYSE:XYZ) shares are soaring in overnight trading on Sunday ahead of the S&P 500 debut of the Jack Dorsey-founded fintech company.
What happened: Block was up 8.31% as of this writing on the Robinhood trading platform.
The company’s inclusion in the coveted S&P 500 index, seen as the barometer of the U.S. stock market, will become effective July 23, according to a press release shared Friday.
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