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⚡Jack Dorsey's Block Pushes Ahead🏘️

Croxroad

24 Jul 2025 — 3 min read

☕️ GM Dear Plebs!

Here is Crox Road, your daily dose of orange pill that will turn you into a Bitcoin Maxi.

The menu for today:

💳 Dorsey’s Vision Accelerates

Block, the tech firm founded by Jack Dorsey, has officially begun onboarding sellers to accept Bitcoin payments via the Lightning Network on its Square platform. This marks a significant leap forward in Bitcoin's usability for everyday transactions, bridging the gap between crypto and commerce. The pilot initiative focuses on bringing faster, cheaper payments to small businesses, setting the stage for widespread adoption.

The integration of Lightning allows Bitcoin to be spent with near-instant confirmation times and minimal fees, making it a viable alternative to traditional payment systems. By enabling Square sellers to accept Lightning payments, Block is turning Bitcoin from a digital asset into a functional currency. The move reflects Block’s ongoing commitment to decentralized finance and open monetary systems, giving users more control over how they pay and get paid.

This rollout could serve as a major catalyst for the broader Lightning Network ecosystem, especially in retail and small business settings. If successful, it might redefine how Bitcoin fits into global commerce, not just as an investment but as a payment tool. As the onboarding expands, it will be closely watched by both the crypto community and mainstream fintech players.

🛎️ Convertible Notes Fuel Mara’s Bitcoin Push

Marathon Holdings has announced plans to raise a massive $850 million through the issuance of convertible senior notes due in 2032, a move aimed primarily at increasing its Bitcoin holdings and strengthening its financial strategy. This zero-interest note offering allows investors to convert their debt into equity under specific terms, giving the company access to capital without immediate interest costs. The funds will be used to purchase additional Bitcoin and potentially repurchase some of its existing debt, aligning with its long-term vision of becoming a dominant player in the Bitcoin ecosystem.

Mara’s aggressive capital raise signals its unwavering confidence in Bitcoin’s future trajectory, even amid market volatility. By tapping into convertible debt markets instead of equity or traditional loans, the company preserves shareholder value while betting on future BTC price appreciation. This strategic move also reflects a broader trend of Bitcoin-native firms prioritizing asset accumulation during consolidation phases, positioning themselves for leverage when the next bull cycle ignites.

If executed successfully, this could set a precedent for other major crypto firms exploring similar zero-coupon fundraising models to stack more BTC. The boldness of an $850 million raise speaks volumes about Marathon’s long-term strategy and conviction in Bitcoin as a treasury reserve asset. As the offering proceeds, both traditional finance and crypto markets will be watching closely to gauge its potential ripple effects on institutional interest and BTC price stability.

🔞 Only 21 Million

There will never be more than 21 million Bitcoins, ever. This fixed supply is why people compare Bitcoin to digital gold. Unlike fiat money (which governments can print endlessly), Bitcoin is designed to get harder to create over time. This scarcity makes it deflationary, meaning your Bitcoin could become more valuable just by holding it.