Jack Dorsey posted a link on Friday pointing to a new page at btc.day with a single bold message: "Bitcoin Day | Earn Free Bitcoin." The post, shared from the official "Bitcoin at Block" X account, announced "The bitcoin faucet is back" launching April 6, 2026.

No mechanics were disclosed. A countdown timer is currently live on the site. Details around eligibility, distribution amounts, and geographic availability remain unknown, though the initiative is expected to connect with Block's existing services like Cash App.

Echoes of 2010

The original Bitcoin faucet was built by Gavin Andresen in 2010. He funded the site out of his own wallet and gave away 5 BTC to anyone who solved a simple CAPTCHA — back when BTC had almost no monetary value. Over the months it ran, the faucet distributed roughly 19,700 BTC total. At today's prices near $67,000, that would be worth over $1.3 billion.

Block's version won't be distributing anywhere near those amounts. The company is expected to offer micro-amounts of Bitcoin, known as satoshis, to lower the entry barrier for new users.

Part of a Broader Bitcoin Strategy

Block holds 8,883 BTC on its balance sheet, acquired since 2020 at an average cost of around $32,939 per coin. The faucet fits into its broader Bitcoin-centric product roadmap, which includes Square's Bitcoin payments for merchants, the Bitkey hardware wallet for self-custody, and continued investment in Bitcoin mining technology.

Bitcoin is currently trading around $67,000, down roughly 50% from late 2025 highs above $120,000.