diff --git a/packages/block-editor/src/components/block-list/block-mobile-floating-toolbar.native.js b/packages/block-editor/src/components/block-list/block-mobile-floating-toolbar.native.js
new file mode 100644
index 00000000000000..cdd54ffdcaca1b
--- /dev/null
+++ b/packages/block-editor/src/components/block-list/block-mobile-floating-toolbar.native.js
@@ -0,0 +1,40 @@
+/**
+ * External dependencies
+ */
+import { View, TouchableWithoutFeedback } from 'react-native';
+
+/**
+ * Internal dependencies
+ */
+import styles from './block-mobile-floating-toolbar.scss';
+/**
+ * WordPress dependencies
+ */
+import { createSlotFill } from '@wordpress/components';
+
+const { Fill, Slot } = createSlotFill( 'FloatingToolbar' );
+
+function FloatingToolbar( { children } ) {
+	return (
+		<Fill>
+			{ ( { innerFloatingToolbar } ) => {
+				return (
+					<TouchableWithoutFeedback>
+						<View
+						// Issue: `FloatingToolbar` placed above the first item in group is not touchable on Android.
+						// Temporary solution: Use `innerFloatingToolbar` to place `FloatingToolbar` over the first item in group.
+						// TODO: `{ top: innerFloatingToolbar ? 0 : -44 }` along with `innerFloatingToolbar` should be removed once issue is fixed.
+							style={ [ styles.floatingToolbarFill, { top: innerFloatingToolbar ? 0 : -44 } ] }
+						>{ children }
+						</View>
+					</TouchableWithoutFeedback>
+				);
+			} }
+
+		</Fill>
+	);
+}
+
+FloatingToolbar.Slot = Slot;
+
+export default FloatingToolbar;
diff --git a/packages/block-editor/src/components/block-list/block-mobile-floating-toolbar.native.scss b/packages/block-editor/src/components/block-list/block-mobile-floating-toolbar.native.scss
new file mode 100644
index 00000000000000..713633516fca23
--- /dev/null
+++ b/packages/block-editor/src/components/block-list/block-mobile-floating-toolbar.native.scss
@@ -0,0 +1,15 @@
+.floatingToolbarFill {
+	background-color: $dark-gray-500;
+	margin: auto;
+	min-width: 100;
+	max-height: $floating-toolbar-height;
+	border-radius: 22px;
+	flex-direction: row;
+	z-index: 100;
+	top: -$floating-toolbar-height;
+	height: $floating-toolbar-height;
+	position: absolute;
+	align-items: center;
+	justify-content: center;
+	align-self: center;
+}
diff --git a/packages/block-editor/src/components/block-list/block.native.js b/packages/block-editor/src/components/block-list/block.native.js
index 69503bf7151e24..eac9c7be152062 100644
--- a/packages/block-editor/src/components/block-list/block.native.js
+++ b/packages/block-editor/src/components/block-list/block.native.js
@@ -23,6 +23,7 @@ import styles from './block.scss';
 import BlockEdit from '../block-edit';
 import BlockInvalidWarning from './block-invalid-warning';
 import BlockMobileToolbar from './block-mobile-toolbar';
+import FloatingToolbar from './block-mobile-floating-toolbar';
 
 class BlockListBlock extends Component {
 	constructor() {
@@ -111,6 +112,9 @@ class BlockListBlock extends Component {
 			isValid,
 			showTitle,
 			title,
+			showFloatingToolbar,
+			parentId,
+			isFirstBlock,
 		} = this.props;
 
 		const borderColor = isSelected ? focusedBorderColor : 'transparent';
@@ -118,25 +122,29 @@ class BlockListBlock extends Component {
 		const accessibilityLabel = this.getAccessibilityLabel();
 
 		return (
-			<TouchableWithoutFeedback
-				onPress={ this.onFocus }
-				accessible={ ! isSelected }
-				accessibilityRole={ 'button' }
-			>
-				<View style={ [ styles.blockHolder, borderStyle, { borderColor } ] }>
-					{ showTitle && this.renderBlockTitle() }
-					<View
-						accessibilityLabel={ accessibilityLabel }
-						style={ [ ! isSelected && styles.blockContainer, isSelected && styles.blockContainerFocused ] }
-					>
-						{ isValid && this.getBlockForType() }
-						{ ! isValid &&
+			<>
+				{ showFloatingToolbar && ( ! isFirstBlock || parentId === '' ) && <FloatingToolbar.Slot /> }
+				{ showFloatingToolbar && <FloatingToolbar /> }
+				<TouchableWithoutFeedback
+					onPress={ this.onFocus }
+					accessible={ ! isSelected }
+					accessibilityRole={ 'button' }
+				>
+					<View style={ [ styles.blockHolder, borderStyle, { borderColor } ] }>
+						{ showTitle && this.renderBlockTitle() }
+						<View
+							accessibilityLabel={ accessibilityLabel }
+							style={ [ ! isSelected && styles.blockContainer, isSelected && styles.blockContainerFocused ] }
+						>
+							{ isValid && this.getBlockForType() }
+							{ ! isValid &&
 							<BlockInvalidWarning blockTitle={ title } icon={ icon } />
-						}
+							}
+						</View>
+						{ isSelected && <BlockMobileToolbar clientId={ clientId } /> }
 					</View>
-					{ isSelected && <BlockMobileToolbar clientId={ clientId } /> }
-				</View>
-			</TouchableWithoutFeedback>
+				</TouchableWithoutFeedback>
+			</>
 		);
 	}
 }
@@ -148,6 +156,10 @@ export default compose( [
 			getBlocks,
 			isBlockSelected,
 			__unstableGetBlockWithoutInnerBlocks,
+			getBlockHierarchyRootClientId,
+			getBlock,
+			getBlockRootClientId,
+			getSelectedBlock,
 		} = select( 'core/block-editor' );
 		const order = getBlockIndex( clientId, rootClientId );
 		const isSelected = isBlockSelected( clientId );
@@ -160,6 +172,19 @@ export default compose( [
 		const icon = blockType.icon;
 		const getAccessibilityLabelExtra = blockType.__experimentalGetAccessibilityLabel;
 
+		const selectedBlock = getSelectedBlock();
+		const parentId = getBlockRootClientId( clientId );
+		const parentBlock = getBlock( parentId );
+
+		const isMediaText = selectedBlock && selectedBlock.name === 'core/media-text';
+		const isMediaTextParent = parentBlock && parentBlock.name === 'core/media-text';
+
+		const rootBlockId = getBlockHierarchyRootClientId( clientId );
+		const rootBlock = getBlock( rootBlockId );
+		const hasRootInnerBlocks = rootBlock.innerBlocks.length !== 0;
+
+		const showFloatingToolbar = isSelected && hasRootInnerBlocks && ! isMediaText && ! isMediaTextParent;
+
 		return {
 			icon,
 			name: name || 'core/missing',
@@ -172,6 +197,8 @@ export default compose( [
 			isSelected,
 			isValid,
 			getAccessibilityLabelExtra,
+			showFloatingToolbar,
+			parentId,
 		};
 	} ),
 	withDispatch( ( dispatch, ownProps, { select } ) => {
diff --git a/packages/block-editor/src/components/block-list/index.native.js b/packages/block-editor/src/components/block-list/index.native.js
index 0eefa1274378c8..05c2898899ca39 100644
--- a/packages/block-editor/src/components/block-list/index.native.js
+++ b/packages/block-editor/src/components/block-list/index.native.js
@@ -20,6 +20,7 @@ import { KeyboardAwareFlatList, ReadableContentView } from '@wordpress/component
 import styles from './style.scss';
 import BlockListBlock from './block';
 import BlockListAppender from '../block-list-appender';
+import FloatingToolbar from './block-mobile-floating-toolbar';
 
 const innerToolbarHeight = 44;
 
@@ -69,13 +70,15 @@ export class BlockList extends Component {
 	}
 
 	render() {
-		const { clearSelectedBlock, blockClientIds, isFullyBordered, title, header, withFooter = true, renderAppender } = this.props;
+		const { clearSelectedBlock, blockClientIds, isFullyBordered, title, header, withFooter = true, renderAppender, isFirstBlock, selectedBlockParentId } = this.props;
 
+		const showFloatingToolbar = isFirstBlock && selectedBlockParentId !== '';
 		return (
 			<View
 				style={ { flex: 1 } }
 				onAccessibilityEscape={ clearSelectedBlock }
 			>
+				{ showFloatingToolbar && <FloatingToolbar.Slot fillProps={ { innerFloatingToolbar: showFloatingToolbar } } /> }
 				<KeyboardAwareFlatList
 					{ ...( Platform.OS === 'android' ? { removeClippedSubviews: false } : {} ) } // Disable clipping on Android to fix focus losing. See https://github.com/wordpress-mobile/gutenberg-mobile/pull/741#issuecomment-472746541
 					accessibilityLabel="block-list"
@@ -93,6 +96,9 @@ export class BlockList extends Component {
 					ListHeaderComponent={ header }
 					ListEmptyComponent={ this.renderDefaultBlockAppender }
 					ListFooterComponent={ withFooter && this.renderBlockListFooter }
+					getItemLayout={ ( data, index ) => {
+						return { length: 0, offset: 0, index };
+					} }
 				/>
 
 				{ renderAppender && blockClientIds.length > 0 &&
@@ -166,6 +172,7 @@ export default compose( [
 			getBlockInsertionPoint,
 			isBlockInsertionPointVisible,
 			getSelectedBlock,
+			getBlockRootClientId,
 		} = select( 'core/block-editor' );
 
 		const selectedBlockClientId = getSelectedBlockClientId();
@@ -182,7 +189,12 @@ export default compose( [
 			);
 		};
 
-		const selectedBlockIndex = getBlockIndex( selectedBlockClientId );
+		const selectedBlockIndex = getBlockIndex( selectedBlockClientId, rootClientId );
+
+		const isFirstBlock = selectedBlockIndex === 0;
+
+		const selectedBlockParentId = getBlockRootClientId( selectedBlockClientId );
+
 		const shouldShowBlockAtIndex = ( index ) => {
 			const shouldHideBlockAtIndex = (
 				! isSelectedGroup && blockInsertionPointIsVisible &&
@@ -201,6 +213,8 @@ export default compose( [
 			shouldShowBlockAtIndex,
 			shouldShowInsertionPoint,
 			selectedBlockClientId,
+			isFirstBlock,
+			selectedBlockParentId,
 		};
 	} ),
 	withDispatch( ( dispatch ) => {
@@ -218,4 +232,3 @@ export default compose( [
 	} ),
 	withPreferredColorScheme,
 ] )( BlockList );
-
diff --git a/packages/components/src/mobile/keyboard-aware-flat-list/index.ios.js b/packages/components/src/mobile/keyboard-aware-flat-list/index.ios.js
index 33c56715268971..52a3b98269e932 100644
--- a/packages/components/src/mobile/keyboard-aware-flat-list/index.ios.js
+++ b/packages/components/src/mobile/keyboard-aware-flat-list/index.ios.js
@@ -12,7 +12,7 @@ export const KeyboardAwareFlatList = ( {
 	...listProps
 } ) => (
 	<KeyboardAwareScrollView
-		style={ { flex: 1 } }
+		style={ { flex: 1, overflow: 'visible' } }
 		keyboardDismissMode="none"
 		enableResetScrollToCoords={ false }
 		keyboardShouldPersistTaps="handled"