#What is Bitcoin Day and How Can You Participate?
Bitcoin Day represents a significant campaign initiated by Cash App, Square, and Bitkey, all of which are part of Jack Dorsey’s Block. This campaign centers around a remarkable giveaway of $1 million in Bitcoin. The goal is to encourage users to engage actively with Bitcoin by buying, spending, and self-custodying the cryptocurrency through their platforms.
The giveaway opens on April 6 and runs until April 10. However, it is important to note that the event will conclude early if the full $1 million in Bitcoin is claimed before the deadline.
#What Bonuses Can Users Expect?
Users can expect to receive instant bonuses by completing one or more of the following actions: purchasing Bitcoin via Cash App, spending Bitcoin with approved Square merchants, or self-custodying Bitcoin through the Bitkey app. Each bonus is instantly credited to the user's Cash App Bitcoin balance, allowing participants to earn a maximum total of $80 by performing all three actions.
#Who Can Join the Campaign?
To take part in Bitcoin Day, users must meet certain eligibility criteria. Participants should be at least 18 years old, have a valid U.S. address, and maintain a Cash App account that is in good standing. Additionally, completing Know Your Customer (KYC) verification is necessary. Notably, while residents of New York can purchase Bitcoin, they cannot participate in the spending or self-custody features.
#How Does Block Engage with Bitcoin?
Block holds a substantial amount of Bitcoin, specifically 8,883 BTC, with a current market value of approximately $616 million. This positions Block as the 14th-largest public company in terms of Bitcoin holdings, underscoring its prominent role in the cryptocurrency landscape.