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Home CRYPTO BITCOIN

Square Rewards 20,000 Merchants With $50 in BTC — Here’s Why Jack Dorsey’s Move Matters

Rhod Tipay by Rhod Tipay
October 31, 2025
in BITCOIN, CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
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  • Square is giving $50 in BTC to the first 20,000 U.S. merchants who enable its new Bitcoin Conversations feature.
  • The feature lets sellers chat and learn about Bitcoin directly within their Square dashboard.
  • Corporate Bitcoin buying remains strong, with Coinbase and Prenetics adding to their BTC holdings.

Jack Dorsey’s Square just gave the crypto world a treat this Halloween. The company announced that the first 20,000 U.S. sellers to enable its new “Bitcoin Conversations” feature will each get $50 in Bitcoin. It’s part of a campaign to make crypto talk as common as small talk—especially for merchants who might be new to the space. The initiative aims to get more people using and understanding BTC, not just holding it.

Bitcoin Conversations: Turning Merchants Into Crypto Natives

Bitcoin Conversations lets small business owners chat about Bitcoin directly inside their Square dashboard—think of it like a crypto-focused chat window for real-world sellers. Merchants can share insights, ask questions, and learn from others while managing payments. This comes shortly after Square rolled out a zero-fee Bitcoin wallet for local businesses, valid through 2026. Together, these steps show Dorsey’s long-term mission to weave Bitcoin into everyday business.

Corporate Bitcoin Buying Heats Up

The campaign arrives amid a surge in corporate Bitcoin interest. Coinbase just added 2,772 BTC to its reserves in Q3, signaling continued accumulation from major players. Meanwhile, Prenetics revealed another 100 BTC purchase, pushing its total holdings to 378. Even Strategy, led by Michael Saylor, reported $3.9 billion in income and $20 billion in unrealized BTC gains—showing that institutional conviction hasn’t cooled.

Bitcoin Price and Market Mood

Despite all the optimism, Bitcoin’s price has been stuck around $109,000, struggling to break through the $110,000 resistance level.

ETF outflows and nerves around U.S.–China trade talks have capped the rally. Still, campaigns like Square’s could help reignite retail curiosity, putting Bitcoin back in the center of payment innovation. And if more companies follow suit, BTC adoption could look a whole lot different by 2026.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoincryptoFinanceopinion
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Rhod Tipay

Rhod Tipay

Rhod Tipay is an editor and moderator at BlockNews with more than five years of experience in the Web3 industry. A graduate of De La Salle University, he began his career as a social media marketing specialist before moving into blockchain-focused editorial work. At BlockNews, Rhod oversees content moderation and editorial quality, ensuring that reporting meets professional and ethical standards. His expertise in trading and community engagement, combined with a deep understanding of crypto culture, allows him to provide readers with credible insights into the fast-changing blockchain space.

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