Jack Dorsey, as the co-founder of Twitter and Block (formerly Square), has long been an important figure in the technology and finance sectors. By 2025, his net worth reached 4.3 billion dollars, a significant portion of which is closely related to his encryption investments and blockchain involvement.
Dorsey’s strong support for Bitcoin and the concept of decentralization has profoundly shaped his financial empire. Despite the Web3 With a skeptical attitude, his strategic moves in the encryption field have solidified his position as a key player in the digital asset revolution.
Source of Wealth for Tech Giants
Dorsey’s wealth primarily comes from his stake in Block and personal Bitcoin investments. He holds about 13% of the circulating shares in Block, which are valued at approximately $3 billion as of 2025.
He was once an important shareholder of Twitter, but after Elon Musk’s acquisition, his position in the company was worth about $388 million. Dorsey’s wealth has not been smooth sailing; in March 2023, when Hindenburg Research released a report shorting Block, his wealth shrank by $526 million in a single day.
bitcoin maximalists
Dorsey is a famous "bitcoin maximalist" whose cryptocurrency investment strategy focuses almost entirely on Bitcoin, avoiding other cryptocurrencies and blockchain projects. This singular focus has made him stand out in the crypto space, where diversification is often the norm.
It is estimated that Dorsey personally holds about 4,709 Bitcoins, with a purchase cost of 50 million dollars. As the Bitcoin price Volatility, these holdings may significantly increase in value by 2025.
Since 2019, Dorsey has publicly stated his strategy of regularly purchasing $10,000 worth of Bitcoin every week. At the price at that time, this amounted to buying about 2.7 BTC weekly.
Block: Building a Bitcoin Financial Ecosystem
Under Dorsey’s leadership, Block has transformed from a payment processing company into a diversified fintech company focused on blockchain technology. The company’s Cash App is a peer-to-peer payment service with integrated Bitcoin buying and selling features, which has become a significant driver of Bitcoin growth.
In 2024, Block’s Bitcoin revenue reached $5.8 billion, a 35% increase from the previous year. The Cash App alone facilitated over $10 billion in Bitcoin transactions in 2024.
As of June 30, 2025, Block Inc. holds 8,692 Bitcoins, with a cost of $272 million and a fair value of $932 million. The company increased its holdings by 108 Bitcoins in the second quarter of 2025.
Block will revalue its Bitcoin holdings at the end of each quarter based on market prices and include the gains and losses in "Bitcoin Investment Revaluation Gains and Losses." In the second quarter of 2025, Block recognized a Bitcoin revaluation gain of 212 million dollars.
Promoting Bitcoin as a Daily Currency
Dorsey’s vision for Bitcoin goes far beyond its investment value. He has repeatedly emphasized that he believes Bitcoin will become the "native currency of the internet."
In 2018, he stated at the Consensus Conference: "The internet needs a native currency, and a native currency will emerge. Although I don’t know who will ultimately win, I hope it will be Bitcoin."
Under his leadership, Block has been promoting the everyday application of Bitcoin. In May 2025, Block enabled Square merchants to start accepting Bitcoin payments, allowing merchants to settle in Bitcoin or local currency after consumers pay using Cash App.
Block plans to promote Bitcoin payment functionality to millions of merchants in the second half of 2025 (excluding New York and some international markets).
Critical Engagement with Web3
Although Dorsey is a staunch supporter of Bitcoin, he is skeptical about Web3. His skepticism mainly stems from concerns about centralization and the influence of venture capital.
However, this did not stop him from exploring decentralized technologies beyond Bitcoin. Dorsey demonstrated a strategic interaction with blockchain technology through Block and his personal investments, which aligns with his vision of decentralization.
For example, Block’s TBD project aims to create decentralized financial services, showcasing Dorsey’s interest in blockchain applications beyond cryptocurrency.
In November 2023, Dorsey led an investment of $6.2 million into the revolutionary Bitcoin mining pool OCEAN. This decentralized mining pool aims to enhance Bitcoin’s decentralization through a non-custodial payment system that directly pays miners their earnings.
Long-term Commitment to Bitcoin Development
Dorsey has promised a total of $5 million to support the advancement of the Bitcoin protocol through the so-called "Jack Dorsey Commitment." The funds will be disbursed over five years, with $1 million allocated each year.
He also supports the Bitcoin Lightning Network, which is a second layer protocol aimed at improving Bitcoin’s scalability and transaction speed. Dorsey appeared on Stephen Livera’s podcast and stated that Square will integrate the Lightning Network in the near future.
Dorsey’s Wealth Philosophy and Personal Habits
Despite having billions in wealth, Dorsey maintains a relatively simple lifestyle. He reportedly gets nine hours of sleep every night as part of his daily routine.
Dorsey does not have a college degree; he dropped out before completing his studies and followed a path similar to other tech entrepreneurs.
Future Outlook
With the continuous development of the blockchain field, Dorsey’s influence and wealth may be closely related to the success of Bitcoin and decentralized technologies.
His unique approach combines bitcoin maximalism with selective blockchain participation, making him an influential figure in the ever-evolving cryptocurrency space.
