Nine Bitcoin Heavyweights Pool $15M to Outrun the Quantum Apocalypse 🧠

Strategy and eight other major Bitcoin-focused firms have launched the Bitcoin Security Consortium, pledging an aggregate $15 million over the next three years to fund developers working on the long-term security of the Bitcoin network, including protections against quantum computing threats. Founding members of the consortium include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy, according to a Thursday press release from Strategy.

Day-to-day coordination of the consortium will be handled by Mike Schmidt in a volunteer capacity. Schmidt serves as executive director of Brink, a non-profit that supports Bitcoin open-source developers. Each member will direct its own contribution to developers, researchers or organizations of its choosing; the $15 million is not a pooled fund. The consortium has stated it will not advocate for any specific changes to Bitcoin's code or speak on behalf of the network's decentralized developer community.

Bitcoin currently relies on elliptic curve cryptography to secure transactions. A sufficiently powerful quantum computer could theoretically derive a wallet's private key from its public key, potentially exposing funds. ARK Invest estimated earlier this year that roughly 35% of the total $BTC supply sits in addresses potentially vulnerable to a future quantum attack, while researchers at Project Eleven have placed Q-Day, the moment a quantum computer could realistically crack Bitcoin's cryptography, as early as 2029. Separately 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.

Views on the urgency of the threat vary widely within the industry. In November 2025, Blockstream CEO Adam Back said 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 Bitcoin has about three to five years to prepare for a post-quantum security upgrade.

"As long-term holders, we have every incentive to see $BTC remain secure for generations. Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute," said Phong Le, CEO of Strategy. 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."