Bitcoin Security Alliance Officially Established, Nine Major Institutions Pledge $15 Million Over Three Years
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Bitcoin Security Alliance Officially Established, Nine Major Institutions Pledge $15 Million Over Three Years
According to the official press release, Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, nine leading financial institutions and Bitcoin companies, jointly announced the establishment of the Bitcoin Security Consortium on July 23, 2026. The members independently committed to contributing a total of $15 million over the next three years to support long-term security research for the Bitcoin network, with a focus on development work in the field of post-quantum cryptography. The consortium's daily affairs are coordinated on a voluntary basis by Brink Executive Director Mike Schmidt; it will not intervene in protocol development or specific change decisions and will regularly release Bitcoin security status reports to investors and the public.
Navigating Web3 tides with focused insightsTechFlow reports, on July 23, according to an official press release, Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, nine leading financial institutions and Bitcoin companies, jointly announced the establishment of the Bitcoin Security Consortium on July 23, 2026, with each member independently committing to contribute a total of $15 million within the next three years to support long-term security research for the Bitcoin network, focusing primarily on development work in the field of post-quantum cryptography. Daily affairs of the consortium are coordinated on a voluntary basis by Mike Schmidt, Executive Director of Brink, without intervening in protocol development or specific change decisions, and will regularly release Bitcoin security status reports to investors and the public.
