Square Rises on Dorsey Tweet for Bitcoin Wallet By Investing.com

By Christiana Sciaudone

Investing.com — Square (NYSE:SQ) popped on news that its considering making a hardware wallet for bitcoin.

Jack Dorsey said in a tweet that it would be built “entirely in the open from software to hardware design, and in collaboration with the community. We want to kick off this thinking the right way: by sharing some of our guiding principles.”

Square was up 2.1%.

Dorsey published a series of posts with details regarding the idea.

“Bitcoin is for everyone. It’s important to us to build an inclusive product that brings a non-custodial solution to the global market. Much respect to everyone who has gotten us this far.”

The Twitter founder concluded by saying that Square would listen and continue the conversation, and “set up a dedicated Twitter and github account if we decide to build. We’ll update this thread with that information when we’re ready. Thanks!”

Bitcoin is losing value today after Elon Musk appeared to break up with the cryptocurrency after going back and forth on it.