Jack Dorsey’s Block is set to relaunch a Bitcoin faucet on April 6, reviving one of the earliest tools used to promote crypto adoption. The new faucet will allow users to earn small amounts of Bitcoin for free, echoing the original concept that helped introduce millions to cryptocurrency in its early days.
Bitcoin faucets date back to 2010, when developer Gavin Andresen created the first version to educate newcomers. At the time, users could claim up to 5 BTC by completing a simple CAPTCHA, a reward that would now be worth hundreds of thousands of dollars. The original faucet distributed nearly 19,700 BTC before shutting down in 2012, becoming a legendary part of Bitcoin history.
Block’s revival comes as the company doubles down on its Bitcoin-focused strategy. Despite cutting around 40 percent of its workforce, Block continues to expand its crypto ecosystem with products like Bitkey, a self custody wallet, and Proto, a Bitcoin mining system. The company currently holds 8,883 BTC on its balance sheet, reinforcing its long term commitment to Bitcoin while using tools like faucets to onboard new users into the ecosystem.