Jack Dorsey is promoting Cash App's new Bitcoin bonus feature, inviting users to opt in to earn weekly rewards by simply holding Bitcoin in the app.

Bitcoin is trading around the mid-$80,000s range, with a slight 0.5% gain over the past 24 hours, while Block stock moved lower in pre-market trading after closing near $73.53; year-to-date gains sit around 13%.

Cash App remains Block’s consumer-focused wallet and payments engine, delivering $56.5 billion in second-quarter volume driven by Cash App Card and buy-now-pay-later services, with consumer lending origination rising 59% year over year to $18.9 billion.

Block is weaving Bitcoin-centric goals into its strategy, expanding payment capabilities within Square’s POS system to boost Bitcoin utility.

The Bitcoin bonus offers up to 2% annual rewards in BTC, funded directly with no lockups, no staking, and no requirement to move BTC; balances stay withdrawable at any time.

Participation is opt-in via the Bitcoin tab in Cash App, and the bonuses are subject to taxation.