Nine Giants Including Blackstone, BlackRock, and Coinbase Jointly Establish Bitcoin Security Alliance, Investing $15 Million Over Three Years to Guard Against Quantum Crisis

Author: Strategy

Compiled by: TechFlow

TechFlow Editor's Note: As the shadow of quantum computing gradually approaches, Wall Street finally can't sit still. Nine institutions including BlackRock, Fidelity, and Coinbase have put up real money, betting $15 million over three years on Bitcoin's post-quantum defense. This is not alarmism, but a matter of life and death truly cared about by giants holding hundreds of billions of dollars in Bitcoin.

A group composed of leading financial institutions and Bitcoin companies announced today the formation of the Bitcoin Security Consortium, dedicated to supporting the long-term security and resilience of the Bitcoin network, with members committing to invest a total of $15 million over the next three years.

Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, covering every link of the institutional Bitcoin ecosystem: holders, custodians, exchanges, infrastructure providers, payment processors, and asset management companies, united by a common concern for Bitcoin's continued security.

The consortium's daily operations are coordinated by Mike Schmidt, Executive Director of the non-profit organization Brink, which specializes in funding and supporting Bitcoin open-source developers; Schmidt serves in this capacity as a volunteer.

Commitment of $15 Million

The consortium will help fund and support developers and researchers already engaged in Bitcoin security work, including long-term efforts to prepare for the potential quantum computing era. As part of the launch, members have independently committed a total of $15 million over the next three years for this work. Each member independently decides where to direct funds among developers, researchers, and organizations of their choice.

The consortium will also provide a clear and reliable source of information about these efforts for investors, the public, and the media.

"As long-term holders, we have ample motivation to ensure Bitcoin remains secure for future generations. Funding those engaged in this work and helping drive related discussions is a natural way for us to contribute." — Phong Le, CEO of Strategy

Supporting the Existing Open Ecosystem

The consortium mimics the way industry groups have long supported the open-source software they rely on, contributing resources and awareness, but not controlling the underlying work.

It does not develop or direct the Bitcoin protocol, take positions on specific protocol changes, nor speak on behalf of Bitcoin or its developers. Bitcoin development is, and will remain, the work of a global community of decentralized contributors.

"Bitcoin core developers do extremely important work, and we are pleased that our company and other members in the consortium will now provide significant additional funding to support Bitcoin's long-term security needs." — Robert Mitchnick, Global Head of Digital Assets at BlackRock

The Quantum Issue

Large-scale quantum computers capable of threatening Bitcoin cryptography do not exist today, and credible estimates suggest such capability is still years away. Nevertheless, preparing for post-quantum protection remains a meaningful long-term priority, and the Bitcoin technical community is already actively engaged in this work. The consortium aims to support this work and provide a reliable reference point for investors, the public, and the media as the field develops.

Looking Ahead

In the coming months, the consortium plans to publish and maintain materials on Bitcoin security, updating them as progress is made, and continue to fund and support the developer community. Bitcoin has demonstrated extraordinary resilience through the work of an open global community, and the consortium is honored to support this community.

For more information visit https://x.com/BTCconsortium

About the Members

Anchorage Digital - Anchorage Digital is the infrastructure layer of modern financial markets, providing institutions with a single platform to participate in digital assets, including prime brokerage services, tokenization, stablecoins, and proxy financial governance frameworks. As the home of Anchorage Digital Bank N.A., the first federally regulated digital asset bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore, Anchorage Digital NY, holding the New York State Department of Financial Services BitLicense, and the self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also provides fiat custody services through FDIC-insured licensed sub-custodians. Anchorage Digital is funded by leading institutions such as Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. The company was founded in San Francisco, California in 2017 and has offices in New York, Porto, Portugal, Singapore, and Sioux Falls, South Dakota.

ARK Invest - ARK Investment Management LLC is a federally registered investment advisor and a private company headquartered in St. Petersburg, Florida. Founded by Cathie Wood in 2014, ARK focuses on disruptive innovation, aiming to identify large-scale investment opportunities in areas such as artificial intelligence, robotics, energy storage, multi-omics sequencing, and blockchain technology.

BlackRock - BlackRock's mission is to help more and more people achieve financial wellness. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that last a lifetime by making investing easier and more affordable.

Block - Block, Inc. (NYSE: XYZ) builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square enables merchants to use business and financial services. Cash App is a simple way to spend, send, and store money. Afterpay is changing the way customers manage spending. Tidal is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for Bitcoin. Proto is a suite of Bitcoin mining products and services. Together we help build a financial system open to everyone.

Blockstream - Blockstream is a global leading developer building blockchain infrastructure based on Bitcoin standards. Founded by Adam Back in 2014, the company provides enterprise-grade infrastructure across the full Bitcoin technology stack, including secure self-custody, layer-two networks, tokenization, and high-assurance smart contracts via Simplicity. Its Liquid network provides fast and confidential settlement for institutions, with a total value locked exceeding $8.5 billion. Through research and engineering teams, Blockstream continues to advance Bitcoin evolution through innovations in scalability, security, and programmability, supporting next-generation anti-quantum global financial infrastructure.

Coinbase - Coinbase (NASDAQ: COIN)'s mission is to increase economic freedom in the world. As the most trusted crypto platform, Coinbase stores more digital assets than any other company and is building the exchange of everything—a place to access cryptocurrencies, stocks, derivatives, prediction markets, and more. Coinbase serves consumers through its suite of financial applications, institutions through Coinbase Prime, and developers through the Coinbase Developer Platform. Every experience runs on Coinbase's full-stack platform, driving the future of finance: secure custody, deep trading liquidity, stablecoin infrastructure, and global settlement rails—all built on over a decade of security and compliance.

Fidelity Digital Assets - As a subsidiary of Fidelity Investments, Fidelity Digital Assets provides an institutional-grade digital asset experience, combining the history, principles, and expertise of a traditional financial institution. The business provides secure custody, integrated trading, and 24/7 support for institutional investors, as well as retail crypto products offered through Fidelity Investments apps and websites. Founded in 2018 and launched in 2019, Fidelity Digital Assets develops products and solutions that scale with investor needs, enabling clients to navigate digital assets with confidence.

Galaxy - Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, providing solutions that accelerate progress in finance and artificial intelligence. Our digital asset platform provides institutions with access to trading, advisory, asset management, staking, self-custody, and tokenization technologies. Additionally, we develop and operate cutting-edge data center infrastructure to support AI and HPC workloads. Our 1.6 Gigawatt Helios campus in Texas makes Galaxy one of the largest and fastest-growing data center developers in North America. The company is headquartered in New York City with offices in North America, Europe, the Middle East, and Asia.

Strategy - Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) is the world's first and largest Bitcoin treasury company. We pursue financial innovation strategies aimed at creating value from Bitcoin holdings, including developing and issuing new fixed-income instruments to provide investors with varying degrees of Bitcoin economic exposure. Additionally, we are an industry leader in AI-driven enterprise analytics software, advancing our "Intelligence Everywhere" vision. We believe that combining active Bitcoin capital management with a scaled operating software business enables us to achieve long-term value creation in the digital asset and enterprise analytics markets.

About the Bitcoin Security Consortium

The Bitcoin Security Consortium is an initiative of leading financial institutions and Bitcoin companies to support the long-term security and resilience of the Bitcoin network through funding, support, and education.