Strategy-led group pledges $15M to quantum-proof Bitcoin
A strategyled group pledges 15m in aggregate funding—$15 million over three years—to help quantum-proof the Bitcoin network. Michael Saylor’s Strategy and co-founders including BlackRock, Coinbase and Fidelity Digital Assets formed the Bitcoin Security Consortium to back developers securing Bitcoin against a potential quantum computing breakthrough.
The pledge, detailed in a Thursday press release cited by Cointelegraph, marks a high-profile push to fund open-source work on Bitcoin’s long-term cryptographic resilience. More coverage of crypto market moves sits in our Fintech & Crypto Alerts hub.
Key Takeaways
- Strategy and BlackRock are among founding members of the Bitcoin Security Consortium.
- The group pledged $15 million over the next three years for quantum-security development.
- Other founders include Anchorage Digital, ARK Invest, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy.
- Mike Schmidt of Brink will coordinate day-to-day work in a volunteer role.
- Experts still disagree on when a quantum threat to Bitcoin could become real.
What did the Strategy-led consortium announce?
Michael Saylor’s Strategy announced the Bitcoin Security Consortium, bringing together financial institutions and Bitcoin companies behind the network’s long-term quantum security. The consortium pledged an aggregate $15 million over three years to support developers securing Bitcoin against a quantum computing breakthrough.
Founding members named in reporting include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy. Day-to-day work will be coordinated by Mike Schmidt, executive director of Brink, a non-profit that supports Bitcoin open-source developers, serving in a volunteer capacity.
Why does quantum risk matter for Bitcoin now?
Bitcoin’s quantum security is a growing concern in the community, though the timeline of a quantum breakthrough remains hotly debated. In November 2025, Blockstream CEO Adam Back said Bitcoin faces no meaningful quantum threat for at least the next 20 to 40 years.
By contrast, an April report from investment manager Bernstein said Bitcoin has about three to five years to prepare for a post-quantum security upgrade. The new funding is meant to support research and migration work before any breakthrough arrives.
Who else is putting money behind quantum-safe Bitcoin?
On Wednesday, Galaxy Digital pledged up to $5 million in grants for developers working on Bitcoin’s quantum security and elected a council of quantum-advisory experts to research quantum-resistant migration solutions.
BlackRock’s global head of digital assets, Robert Mitchnick, said Bitcoin core developers do “incredibly important work” and that the asset management company was pleased to make “significant additional funding available to support Bitcoin’s long-term security needs.”