Block announced that it has released a new open source tool set designed to help companies manage their Bitcoin Treasury holdings more effectively. The release includes a company Bitcoin Holdings Dashboard and a BTC-to-USD Real Time API, which is now available to all businesses and developers via Block’s Public Github Repository under the Block Open Source Initiative.
As Bitcoin adoption grows among institutional treasuries, companies are looking for better tools to track and report their possessions. Block’s new dashboard directly meets these needs and provides visibility in real time, simplicity and adaptability.
The dashboard aims to help companies monitor the dollar value of their Bitcoin stocks through a user-friendly interface designed for both finance teams and managers. It integrates real-time pricing data via an Open Source BTC/USD quote API, with future plans for quarter-end historical lookup features to support financial reporting. Block has invited feedback and functional requests from the Open Source community via GitHub problems.
Block further emphasized that companies are increasingly turning to bitcoin for a number of strategic reasons:
- Diversity: Adding Bitcoin along with traditional treasury assets.
- Ecosystem support: Demonstration of adaptation to Bitcoin innovation, especially for crypto-forward companies.
- Inflation hedge: Serves as a value of value in the light of devaluation of Fiat currency.
- Portfolio Optimization: Aims to improve risk -adjusted returns.
The first functioning prototype of the dashboard was created by non-engineers using Block’s internal open source AI agent, called Codename Goose. The AIA agent enabled non-technical teams to prototype tools quickly, with engineers from Block’s Bitcoin platform teams, who will be participating later to finish the development. CODEN NAME GOOSE also contributed to front-end development via automated coding help.
Block has long been a business manager in Bitcoin Investment. Its Bitcoin Investment Memo from October 2020 and its Bitcoin plan for business balances laid the basis for companies entering the crypto area. Block said it will continue to buy Bitcoin through a monthly average of dollar costs (DCA) and updates its dashboard quarterly after earnings reports. Its Live Bitcoin Ministry of Finance can be seen here.
With this release, Block emphasized that it aims to strengthen other companies to manage Bitcoin on their balance more confident and transparent, which further accelerates the mainstream -adoption of the world’s leading digital asset.