Strategy announced the launch of the Bitcoin Security Consortium on Thursday. The coalition pledged an aggregate $15 million over the next three years to support developers securing the Bitcoin network against quantum computing threats. Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy, with day-to-day coordination led by Mike Schmidt, executive director of non-profit Brink.
Founding Members and Coordination Structure
The consortium brings together major financial institutions and Bitcoin companies to address the long-term quantum security of the Bitcoin network. Mike Schmidt serves in a volunteer capacity as the coordinator of the consortium's day-to-day work. Schmidt is the executive director of Brink, a non-profit organization that supports Bitcoin open-source developers.
Galaxy Digital Pledges $5M on Wednesday
On Wednesday, Galaxy Digital pledged up to $5 million in grants for developers working on Bitcoin's quantum security. The company also elected a council of quantum-advisory experts to research quantum-resistant migration solutions.
Expert Opinions Differ on Quantum Threat Timeline
Bitcoin's quantum security remains a growing concern in the community, though the timeline of a quantum breakthrough is hotly debated. In November 2025, Blockstream CEO Adam Back said that Bitcoin faces no meaningful quantum threat for at least the next 20 to 40 years. In contrast, an April report from investment manager Bernstein said that Bitcoin has about three to five years to prepare for a post-quantum security upgrade.
BlackRock Commits to Bitcoin Security Funding
Robert Mitchnick, BlackRock's global head of digital assets, stated that Bitcoin core developers do "incredibly important work." He added that the asset management company was pleased to make "significant additional funding available to support Bitcoin's long-term security needs."
FAQ
What is the Bitcoin Security Consortium announced by Strategy?
The Bitcoin Security Consortium is a coalition of financial institutions and Bitcoin companies launched by Strategy on Thursday. The consortium pledged an aggregate $15 million over the next three years to support developers securing the Bitcoin network against quantum computing threats. Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy.
How much did Galaxy Digital pledge for Bitcoin quantum security?
On Wednesday, Galaxy Digital pledged up to $5 million in grants for developers working on Bitcoin's quantum security. The company also elected a council of quantum-advisory experts to research quantum-resistant migration solutions.
What do experts say about the timeline for quantum threats to Bitcoin?
Expert opinions differ significantly. Blockstream CEO Adam Back said in November 2025 that Bitcoin faces no meaningful quantum threat for at least the next 20 to 40 years. However, an April report from investment manager Bernstein stated that Bitcoin has about three to five years to prepare for a post-quantum security upgrade.
