Jack Dorsey’s Block has launched a Bitcoin faucet campaign at btc.day, reportedly distributing up to $1 million in BTC rewards over five days through its ecosystem products Cash App, Square, and Bitkey. The initiative, which runs April 6-10, 2026, revives a concept from Bitcoin’s earliest days, though this modern version ties rewards to product engagement rather than simple giveaways.
What the Jack Dorsey Bitcoin faucet event claims
According to multiple reports, Block launched the Bitcoin faucet website at btc.day on April 6, 2026, under the tagline “The Faucet Is Back.” Jack Dorsey announced the initiative on April 3, 2026 via a post on X, linking to the campaign page.
The campaign is reported to have a total value of up to $1 million in Bitcoin across the five-day period. Block has not publicly disclosed the exact per-user reward amount, according to unconfirmed reports.
Bitcoin Faucet Campaign Value
Up to $1,000,000
The announcement generated significant attention on X, with Bitcoin Magazine, Documenting Bitcoin, and Bitcoin Archive all amplifying the news. Community reaction was broadly positive, framing the faucet as a nostalgic callback to Bitcoin’s grassroots origins.
How users reportedly earn BTC through Block ecosystem products
Claimed eligibility paths
Unlike the original 2010 Bitcoin faucet, which simply gave away BTC to anyone who completed a CAPTCHA, Block’s 2026 version ties rewards to engagement with its product ecosystem. Users reportedly earn BTC by purchasing Bitcoin through Cash App, spending with Square merchants, or using the Bitkey hardware wallet.
This structure means every satoshi distributed doubles as a conversion event for Block’s core revenue lines. The faucet functions as both a marketing campaign and a user acquisition tool, a dual role that has been largely overlooked in competitor coverage.
What remains unspecified
Several details about the reward mechanics remain unclear. The exact BTC amount per user action has not been publicly disclosed. Whether rewards are distributed instantly or accumulated over the five-day window is also unconfirmed. The geographic eligibility requirements, if any, have not been detailed in available reporting.
Readers considering participation should verify details directly at btc.day, as the available reporting does not fully document the reward flow.
What is verified, unverified, and missing about the faucet launch
The research brief assigns a confidence level of 0.88 to the core claim, with a verification status of “verified.” Multiple independent sources confirm the launch date, campaign duration, and connection to Block’s product suite.
Six facts have been cross-referenced across sources. The btc.day launch date of April 6 is confirmed by both crypto.news reporting and the Documenting Bitcoin post on X. The campaign budget, duration, and reward mechanism are corroborated across at least two outlets.
Block’s corporate Bitcoin treasury stands at 8,883 BTC, valued at approximately $594 million, with an average purchase price of roughly $32,939 per coin. That average represents more than 100% unrealized gain at current prices, providing substantial financial backing for a $1 million promotional campaign.
The primary gap in the evidence is the absence of an official Block press release or blog post detailing the full terms and conditions of the faucet. Available reporting relies heavily on Dorsey’s X post and the btc.day landing page rather than formal corporate communications.
Why the Bitcoin faucet model matters for Block and the wider BTC user funnel
The original Bitcoin faucet was created by Gavin Andresen in 2010 and gave away 5 BTC per visitor. At current prices, those 5 BTC would be worth approximately $350,000, a detail that underscores how dramatically Bitcoin’s value proposition has shifted since its earliest days.
Bitcoin traded at $68,565 at the time of the research brief, down 0.69% over 24 hours, with a market cap of $1.37 trillion. The Crypto Fear & Greed Index sat at 11, signaling extreme fear, a market environment where concerns about geopolitical flashpoints and Bitcoin’s near-term trajectory have weighed on sentiment.
BTC Current Price
$68,565
Launching a faucet during a period of extreme fear is notable. Faucet campaigns historically serve as onboarding tools, introducing new users to Bitcoin by lowering the barrier to entry. In a fearful market, a free BTC incentive could attract users who might otherwise hesitate to engage with crypto products.
Block’s approach differs from the original faucet model in a critical way. By gating rewards behind Cash App purchases, Square merchant spending, and Bitkey wallet usage, Block transforms a simple giveaway into a product-activation flywheel. Every reward distributed is simultaneously a new user onboarded into Block’s payment and custody infrastructure.
This strategy aligns with Block’s broader corporate pivot. Following workforce reductions in 2025, the company consolidated around Bitcoin-focused products including Cash App, Bitkey, and its Proto mining initiative. The faucet campaign serves as a public-facing expression of that strategic direction, while also competing for attention in a market where lending platforms are reducing rates and alternative projects are vying for investor attention.
Documenting Bitcoin captured the significance of the announcement in a widely shared post on X:
₿REAKING: Jack Dorsey’s technology company @Blocks announced today a new ‘bitcoin faucet’ website https://t.co/sMRqQFut9G that goes live on April 6. The original in 2010, gave away five bitcoins to every site visitor promoting education, that would be $350,000 today. pic.twitter.com/gpFddah25k
— Documenting ₿itcoin 📄 (@DocumentingBTC) April 3, 2026
Source: @DocumentingBTC on X
FAQ about the Jack Dorsey Bitcoin faucet report
Is the Bitcoin faucet confirmed?
Yes. Multiple independent sources confirm the launch at btc.day on April 6, 2026, and Jack Dorsey’s own post on X links to the campaign page. The research brief assigns a confidence score of 0.88 and a verification status of “verified.”
How do users reportedly earn BTC rewards?
Users are said to earn BTC by purchasing Bitcoin through Cash App, spending with Square merchants, or using the Bitkey hardware wallet. The exact per-user reward amount has not been publicly disclosed.
How long does the campaign run?
The faucet campaign runs from April 6 through April 10, 2026, a five-day window with a reported total distribution budget of up to $1 million in Bitcoin.
Has Block formally detailed the full terms?
No formal press release or comprehensive terms document has appeared in the available reporting. The primary sources are Dorsey’s X post, the btc.day landing page, and third-party news coverage. Users should check btc.day directly for the most current participation details.
What is the connection to the original 2010 Bitcoin faucet?
The original Bitcoin faucet, created by Gavin Andresen in 2010, gave away 5 BTC per visitor to promote Bitcoin education. Block’s 2026 version revives the concept but replaces free giveaways with ecosystem-linked rewards, requiring users to engage with Block products to earn BTC.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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