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 (11).png

Research

We believe that Exponent is best positioned to dominate the Solana yield market – the fastest-growing sector in the ecosystem – with topline liquidity increasing at an annualized rate of nearly 600%. The founding team (ex-Squads, Kamino, Solana Foundation) cares deeply about product, security, design, and user experience and understands the foundation for building a great protocol. The team’s deep ties in Solana DeFi also present a significant strategic advantage, as evidenced by Exponent PTs being onboarded as collateral on Kamino, Drift, and Loopscale before its main competitor, RateX. In this regard, we view PT integrations in money markets as the most compelling avenue for Exponent to expand its market share and own its vertical.

article-image

Franklin Templeton’s Innovation Head Sandy Kaul says institutions will issue stablecoins and tokenized cash offerings to stay competitive

article-image

Surviving financial doomsday takes some preparation

article-image

Pump.fun’s launch partners include Kraken, Kucoin, Bitget, Bybit, Gate and MEXC

article-image

Monad Foundation’s Keone Hon said the team’s been “thinking about how to grow the onchain economy for some time”

article-image

Cuts to government R&D budgets may prove penny wise, bitcoin foolish

article-image

Still relatively little is known about the memecoin platform’s forthcoming token