“We’re doing it,” tweeted Jack Dorsey, the fintech’s CEO.
In a Twitter exchange Friday, the Twitter founder suggested having "THE talk," to which the Tesla CEO replied, "... let's do it."
In a tweet, the Twitter founder hinted the micromessaging system will integrate Bitcoin layer 2 payments Lightning Network.
The announcement comes as the environmental impact of mining for the world's largest cryptocurrency has come under intense scrutiny.
“If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey said in the Twitter thread.
The auction for the March 2006 tweet by the Twitter co-founder closed Monday.
The first-ever tweet was sent by Twitter founder and CEO Jack Dorsey 15 years ago today.
Bidding on the tweet has sat at $2.5 million since March 6.
TRON founder Justin Sun seems intent on making the highest offer.
The value of Square’s bitcoin investment from October 2020 has increased five-fold.
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
Dorsey's gift is the latest in a stream of donations to Coin Center.
Chief financial officer Ned Segal said the firm has been watching other companies to see what it can learn.
The response asks general questions regarding Craig Wright's claims.
Dorsey will now have a hand in keeping the bitcoin network running.