Jack Dorsey Confirms Square Will Make Bitcoin Hardware Wallet

The decision was announced in a tweet by Jesse Dorogusker, the hardware lead and TIDAL lead at Square.

article-image
share

key takeaways

  • “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream,” Dorogusker said
  • Dorsey said the wallet would be “entirely in the open, from software to hardware design, and in collaboration with the community”

Square, a digital payments service company led by Twitter CEO Jack Dorsey, is going forward with building a hardware wallet for bitcoin after Dorsey hinted at the possibility in early June. 

The decision was announced in a tweet by Jesse Dorogusker, the hardware lead and TIDAL lead at Square. 

“We have decided to build a hardware wallet and service to make bitcoin custody more mainstream,” Dorogusker said. 

Loading Tweet..

Following Dorogusker’s tweet, Dorsey quoted his tweet and replied, “We’re doing it #Bitcoin.”

Neither of them provided specific details or a timeline for the product creation and Square was not available for immediate comment, but Dorogusker shared some details about the plan. 

Dorogusker said there are still “a lot of questions and issues to reconcile” and the company will start with a production direction of bitcoin first, while supporting multisig to achieve “assisted-self-custody,” and prioritizing mobile use. 

In general, bitcoin hardware wallets are physical devices plugged into a computer or phone that allow owners to securely store and access bitcoin through private keys.

When Dorsey tweeted that Square was considering making a hardware ballet for bitcoin, he said it would be “entirely in the open, from software to hardware design, and in collaboration with the community.” 

He added that they wanted to build “an inclusive product that brings a non-custodial solution to the global market,” making bitcoin for everyone.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Big blockers wasted a bitcoin fortune trying to prove a point

article-image

Coinbase’s newest acquisition includes the CEO and Head of Research from Opyn

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy