Share this article
Jack Dorsey's Block Begins Shipping Bitkey Bitcoin Wallets
Block unveiled Bitkey for pre-order in 95 countries last December having commenced beta testing during the summer
Updated Mar 13, 2024, 3:14 p.m. Published Mar 13, 2024, 3:13 p.m.
Jack Dorsey's fintech company Block (SQ) has started shipping its new self-custody bitcoin wallet Bitkey after four months of taking pre-orders.
Block unveiled Bitkey for pre-order in 95 countries last December, having commenced beta testing during the summer. In addition to its wallet function, Bitkey will connect to Block's payments platform Cash App and crypto exchange Coinbase (COIN) to allow buying and selling BTC within its app.
STORY CONTINUES BELOW
Bitkey consists of a hardware device, a phone app and a set of recovery tools.
The app and hardware device are two of the three keys used to secure a user's bitcoin, with the third stored on Bitkey's servers. Should customers lose their both their phone and the device, they can recover their funds using the "Trusted Contacts" tool, which relies on people known to the user to verify their recovery request.
SQ shares were up over 6% at $86.74 at the time of writing on Wednesday alongside a rally in the payments space.
Read More: Jack Dorsey's Block Inc. Begins Layoffs Under Previously Disclosed Plan to Cut Staff by 10%
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
NFT Project Pudgy Penguins Takes Over Las Vegas Sphere in Holiday Campaign
The NFT brand’s animated segments will air on the Sphere across Christmas week, signaling the crypto company's move into real-world consumer markets.
What to know:
- Pudgy Penguins will run an ad campaign at the Las Vegas Sphere during Christmas week, one of the few crypto brands to secure a spot at the high-profile venue.
- The NFT project, which launched on Ethereum in 2021, has expanded into physical toys and digital gaming as part of a broader consumer push.
- Pudgy Penguins briefly overtook Bored Apes in floor price earlier this year and recently launched its PENGU token on Solana, now trading on major exchanges.
Top Stories
