Overview

• Block, led by Jack Dorsey, has released the Bitkey Bitcoin wallet, a self-custodial hardware device designed for secure cryptocurrency storage.
• The Bitkey wallet, priced at $150, can only be purchased with fiat currency through traditional payment methods, not with cryptocurrency.
• Bitkey integrates with Coinbase and Cash App, allowing users to buy Bitcoin directly through the wallet's software.
• The wallet features a unique rock-like, hexagon shape and includes security measures such as a fingerprint sensor and recovery tools.
• Shares of Block were up over 6% following the announcement, reflecting positive market reception.