BlackRock, Strategy and Coinbase Back $15M Bitcoin Security Consortium
BlackRock, Strategy (MicroStrategy), and Coinbase have joined forces with Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets, and Galaxy to launch the Bitcoin Security Consortium, a $15 million initiative focused on Bitcoin's long-term security. The consortium will fund developers, researchers, and organizations working on Bitcoin's security over three years, with each member independently deciding where its capital goes rather than using a central grant committee. The first priority is post-quantum cryptography research, as large-scale quantum computers capable of breaking Bitcoin's cryptography are not yet a reality but pose a future risk. The group will not direct Bitcoin's protocol or endorse specific upgrades but aims to support existing work and provide public information on security progress. Brink Executive Director Mike Schmidt will coordinate the consortium voluntarily. The initiative reflects growing institutional concern about quantum computing threats to cryptocurrency networks.
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