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TechBlackRock, Strategy, Coinbase Join $15M Bitcoin Security Consortium
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BlackRock, Strategy (formerly MicroStrategy), and Coinbase have joined a $15 million Bitcoin Security Consortium to fund long-term security research for the Bitcoin network, with a primary focus on post-quantum cryptography. Other founding members include Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets, and Galaxy. Each member will independently decide where its capital goes, rather than through a central grant committee. Brink Executive Director Mike Schmidt will coordinate the consortium voluntarily. The group will not direct Bitcoin's protocol or endorse specific upgrades but aims to support existing development work and publish materials to inform investors and the public about Bitcoin's security progress. The initiative addresses the long-term cryptographic threat of quantum computing without treating it as an immediate market risk. Bitcoin was trading at $65,008 at the time of reporting.
Source report
CryptoProwl Thu, July 23, 2026 at 9:25 AM PDT 2 min read
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BlackRock (NYSE: $BLK), Strategy (NASDAQ: $MSTR), and Coinbase (NASDAQ: $COIN) are committing $15 million to a Bitcoin security group, as the network's quantum-computing debate moves further into institutional planning.
The three companies joined Anchorage Digital, ARK Invest, Block (NYSE: $XYZ), Blockstream, Fidelity Digital Assets, and Galaxy (NASDAQ: $GLXY) as founding members of the Bitcoin Security Consortium. The group will direct funding to developers, researchers, and organizations working on Bitcoin's long-term security over the next three years.
Each member will decide independently where its capital goes, rather than placing the money under a central grant committee. Brink Executive Director Mike Schmidt will coordinate the consortium's work in a volunteer capacity.
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The first area of focus is post-quantum cryptography. Large-scale quantum computers capable of breaking Bitcoin's cryptography do not exist today, and credible estimates still place that capability years away. The harder question is how much time a decentralized network may need to research, test, and coordinate protections before the risk becomes practical.
Strategy CEO Phong Le said long-term holders have "every incentive to see Bitcoin remain secure for generations," framing developer funding and better public information as a natural contribution from firms with direct exposure to the asset.
BlackRock Global Head of Digital Assets Robert Mitchnick said Bitcoin Core developers perform critical work and that the consortium will make additional funding available for the network's long-term security needs.
The group will not direct Bitcoin's protocol, endorse specific upgrades, or speak for developers. Its role is narrower: support work already underway and publish material giving investors and the public a clearer view of Bitcoin's security progress.
That distinction carries weight as institutional ownership grows. The companies backing quantum preparation include major holders, custodians, exchanges, and asset managers, while Bitcoin's technical direction remains with its open-source community.
The consortium turns a long-dated cryptographic concern into a funded infrastructure project without treating quantum computing as an immediate market threat.
Bitcoin (CRYPTO: BTC) is currently trading at $65,008 U.S. per digital token.
Source
Yahoo FinanceWestern
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BlackRock, Strategy, and Coinbase Back $15M Bitcoin Security Consortium