Jack Dorsey-led Block Inc. Joins the S&P 500 Today

A major win is taking shape for the crypto market as the Jack Dorsey backed Block Inc. joins the S&P 500 today, July 23. Dorsey, known as the co-founder of Twitter, has built this company, which is popular for its role in building Bitcoin infrastructure. As its popularity remains high, this news multiplies it significantly, as it’s paving the way for mainstream adoption of digital assets and more.

Block Is Now A S&P 500 Company – What Does This Mean?

Block joining the S&P 500 means that it is now recognized as one of the top 500 publicly traded companies in the U.S. This marks a milestone, as it represents its strong finances, the impact it carries on the financial market, and the growth it has witnessed in the last few years.

Notably, Jack Dorsey’s firm’s performance will be tracked as it is a component of the U.S. equity market and would contribute to the overall performance of the market. Its financial performance will stand as a benchmark along with Apple, JPMorgan, and others, providing it with additional visibility in the financial markets and institutional portfolios.

As it becomes a part of one of the most widely followed market indices, it would gain significant benefits, benefiting the crypto market and investors.

Why Should the Crypto Market Celebrate?

The Block joining the S&P 500 is a bullish event for the market and the investors, as it marks major validation for the industry and paves the way for international adoption. The primary benefits of this inclusion include:

1. Institutional validation, as the S&P 500, only represents the top companies. Block’s inclusion concludes that a crypto-integrating firm can meet Wall Street benchmarks.
2. It would give increased institutional adoption, meaning pension funds, ETFs tracking the indices, will hold it automatically.
3. Block deeply invests in Bitcoin, improving its image from a volatility-filled asset.
4. More importantly, every institution tracking the index would have Bitcoin as part of their portfolio. Hence, it’s bullish for the crypto market and investors.
   

   Coinbase just joined the S&P 500.

   If MSTR is added next quarter—and continues issuing shares to buy bitcoin—it could trigger a powerful feedback loop that accelerates hyperbitcoinization.

   Bitcoin is going to end up in everyone’s portfolio, whether they know it or not. pic.twitter.com/nGt30y3U7W

   — Joe Burnett, MSBA (@IIICapital) May 14, 2025

5. It opens the pathway for others to follow a similar trajectory, and follows Coinbase, whose inclusion turned super bullish for crypto.
6. Overall, it would give crypto more visibility and adoption.

Coinbase’s Entry Fueled Bitcoin and Its Stock Price, Block Next?

Coinbase stock price jumped 24% on the inclusion news in mid-May. This was the stock’s biggest rally since the U.S. election result, signaling the impact of the inclusion. Throughout June, the COIN price surged roughly 45%, as a result of this, plus other milestones.

Notably, at the same time, Bitcoin price rallied, creating a new ATH of $123k days ago. Again, MicroStrategy’s potential inclusion news gave a similar reaction. Although this hasn’t happened yet, MSTR surged over 70% the past quarter due to the hype around the inclusion.

Experts have noted a relation between the two, and the same can happen with Block once it joins the S&P 500. The XYZ stock price has surged nearly 20% over the week and nearly 25% over the month, similar to COIN.

In the same interval, Bitcoin is attempting a recovery after recent price consolidation. It signals that investors are affected by Jack Dorsey’s company joining the S&P 500.

The final takeaway is that both MicroStrategy and Coinbase stock experience an uptick on the inclusion news, and so does Block. As a result, the significant impact on BTC price may happen in the future if the trends remain the same; hence, investors can celebrate.

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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.

Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.

Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.

When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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