The price was around $32,820 per coin, while rivals Ethereum and Dogecoin were trading around $2,110 and 20 cents per coin, respectively, according to Coindesk.
The plan was confirmed by the payments company in a tweet on Thursday.
Bitcoin wallets can be stored at cryptocurrency exchanges, where bitcoin can be bought and sold for traditional currencies or other virtual coins.
The announcement came shortly before U.S. Senator Elizabeth Warren flagged growing risks posed to consumers and financial markets by the cryptocurrency market, according to Reuters.
."We have decided to build a hardware wallet and service to make bitcoin custody more mainstream...," Jesse Dorogusker, head of hardware at Square
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