Block Replaces Hess in S&P 500, Stock Surges

Block, Inc., led by CEO Jack Dorsey, will be included in the S&P 500 index on July 23, 2025, replacing Hess. This development marks a significant milestone for the payment platform.

Block’s inclusion in the S&P 500 follows Chevron’s acquisition of Hess, confirmed by S&P Dow Jones Indices. This change highlights Wall Street’s growing acceptance of crypto-oriented companies. The new addition resulted in an 8.5% to 10% rise in Block’s stock price, reflecting strong market confidence. Passive index funds are expected to significantly increase their holdings in Block, reinforcing buying momentum. Industry observers noted that Bitcoin-focused firms are increasingly prominent in traditional indices. Block’s substantial holdings of 8,584 bitcoins contribute to its attractiveness to investors. However, the broader cryptocurrency market showed limited immediate movement, with Bitcoin being the most directly affected asset. Market analysts emphasized the strategic impact of Block’s treasury holdings on its investment appeal.

Block’s S&P 500 Entry Boosts Stock Up to 10%

“Block Inc. (NYSE: XYZ) will replace Hess Corp. (NYSE: HES) in the S&P 500 effective prior to the opening of trading on Wednesday, July 23…” – S&P Dow Jones Indices

Bitcoin Holds Steady Amid Block’s Index Inclusion

Did you know? Block’s Bitcoin holdings align with a shift seen with Coinbase, added to the S&P 500 earlier. This reflects increasing alignment between traditional markets and the crypto sector.

Bitcoin Holds Steady Amid Block’s Index Inclusion

Did you know? Block’s Bitcoin holdings align with a shift seen with Coinbase, added to the S&P 500 earlier. This reflects increasing alignment between traditional markets and the crypto sector.

According to CoinMarketCap, Bitcoin (BTC) trades at $117,709.15, with a market cap of $2.34 trillion and market dominance of 60.92%. The price saw a 0.24% increase over the past 24 hours. Recent fluctuations include a 39.20% rise over the last 90 days. Insights from the Coincu research team suggest Block’s index inclusion may bolster its financial positioning by increasing exposure to institutional investors. Regulatory adaptation could further influence corporate strategies in crypto engagements, enhancing traditional financial frameworks to integrate technology-driven solutions.

Insights from the Coincu research team suggest Block’s index inclusion may bolster its financial positioning by increasing exposure to institutional investors. Regulatory adaptation could further influence corporate strategies in crypto engagements, enhancing traditional financial frameworks to integrate technology-driven solutions.