- 01 Jack Dorsey's Block is reviving the legendary Bitcoin faucet at btc.day, launching Monday, April 6
- 02 The original 2010 faucet by Gavin Andresen distributed roughly 19,700 BTC — worth over $2 billion at today's prices
- 03 Block holds 8,883 BTC on its balance sheet, valued at approximately $594 million
- 04 The new faucet will distribute satoshis — Bitcoin's smallest unit — to users who complete simple tasks
- 05 Square, a Block subsidiary, just enabled automatic Bitcoin payments for eligible U.S. merchants
Jack Dorsey is betting that giving away free Bitcoin is still the best way to get people to use it — and this Monday, anyone can visit btc.day to find out.
In 2010, a software developer named Gavin Andresen built something that seemed almost absurd: a website that gave away Bitcoin for free. Users solved a simple CAPTCHA and received 5 BTC — a sum worth fractions of a penny at the time. Over roughly two years, the original Bitcoin faucet distributed approximately 19,700 BTC before shutting down in 2012. At today’s prices, that giveaway is worth more than $2 billion. Now, Block Inc. — the fintech company led by Jack Dorsey — is bringing the concept back.
What Is btc.day?
On Friday, Block’s Bitcoin-focused account posted a simple message: “The bitcoin faucet is back. 04.06.26.” The link points to btc.day, a countdown page teasing a Monday, April 6 launch. A Bitcoin faucet is a platform that distributes small amounts of cryptocurrency — typically measured in satoshis, which are Bitcoin’s smallest unit (one satoshi equals 0.00000001 BTC) — to users who complete basic tasks like solving CAPTCHAs or viewing content.
The specific mechanics of Block’s version have not been disclosed yet. What we do know: Block currently holds 8,883 BTC on its corporate balance sheet, valued at roughly $594 million, giving the company serious backing to fund a sustained giveaway program.
Why Dorsey Is Doing This
Andresen explained his original reasoning in 2010 with a line that still resonates: he wanted the Bitcoin project to succeed, and believed people were more likely to adopt it if they could get a handful of coins to try it out. Dorsey appears to share that philosophy. He has consistently argued that Bitcoin should function as peer-to-peer money for everyday transactions — not just as a speculative investment.
The faucet fits into Block’s broader Bitcoin ecosystem. Cash App already lets users buy and hold Bitcoin. Bitkey is Block’s self-custody hardware wallet. Proto is its Bitcoin mining division. And just last week, Square — Block’s merchant payments arm — announced automatic Bitcoin payment enablement for eligible U.S. sellers, where merchants receive dollars while customers pay in Bitcoin.
What to Watch
Monday’s Launch: Visit btc.day on April 6 to see how the faucet works and what users can earn. The details — eligibility, distribution amounts, and whether it integrates with Cash App — remain unconfirmed.
Adoption Signal: If Block ties the faucet to its existing products, this could become one of the lowest-friction onramps to Bitcoin ownership available today. Watch for announcements about Cash App or Bitkey integration.
Market Reaction: Block stock closed Friday at $59.78, up 0.17% after-hours. Retail sentiment on trading platforms remained bullish with elevated discussion activity around the announcement.
Sources for this article include reporting from Bitcoin Magazine, CryptoBriefing, Blockonomi, CryptoTimes, U.Today, and CoinTurk. Readers are encouraged to visit these publications directly for additional context and ongoing coverage.
Verified as of April 4, 2026