Author: Strategy

Translation: Deep Tide TechFlow

Deep Tide Guide: As the shadow of quantum computing draws closer, Wall Street can finally sit still no longer. BlackRock, Fidelity, Coinbase, and other nine institutions are putting real money on the line, betting $15 million on Bitcoin's post-quantum defense over three years. This is not a doomsday warning, but a life-and-death issue that giants holding hundreds of billions in Bitcoin genuinely care about.

A group of leading financial institutions and Bitcoin companies announced today the establishment of the Bitcoin Security Consortium, dedicated to supporting the long-term security and resilience of the Bitcoin network, with members committing to invest a total of $15 million over the next three years.

Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, covering all aspects of the institutional Bitcoin ecosystem: holders, custodians, exchanges, infrastructure providers, payment processors, and asset management companies, united by a mutual concern for Bitcoin's ongoing security.

The consortium's daily operations will be coordinated by Mike Schmidt, executive director of the nonprofit organization Brink, which specifically funds and supports Bitcoin open-source developers. Schmidt serves in this position as a volunteer.

Commitment of $15 million

The consortium will help fund and support developers and researchers already working on Bitcoin security, including long-term work preparing for a potential quantum computing era. As part of the startup, members have independently committed to invest a total of $15 million over the next three years toward this effort. Each member decides independently how to allocate the funds to their chosen developers, researchers, and organizations.

The consortium will also provide a clear and reliable source of information to investors, the public, and the media regarding these efforts.

"As long-term holders, we are highly motivated to ensure Bitcoin remains secure for generations to come. Funding those engaged in this work and helping to drive the relevant discussions is our natural way to contribute." — CEO of Strategy Phong Le

Support Existing Open Ecosystem

The consortium emulates how industry groups have long supported the open-source software on which they rely, contributing resources and insights without controlling the underlying work.

It does not develop or guide the Bitcoin protocol, does not take a stance on specific protocol changes, and does not speak on behalf of Bitcoin or its developers. The development of Bitcoin is, and will continue to be, the work of a global decentralized contributor community.

"Bitcoin core developers do extremely important work, and we are pleased that our company and other members of the consortium will now provide significant additional funding to support Bitcoin's long-term security needs." — Robert Mitchnick, Global Head of Digital Assets at BlackRock

Quantum Issues

Large-scale quantum computers that could threaten Bitcoin's cryptography do not exist today, and credible estimates suggest that such capabilities are still years away. Nevertheless, preparing post-quantum protections remains a meaningful long-term priority, and the Bitcoin tech community is already actively pursuing this work. The consortium aims to support these efforts and provide reliable reference points for investors, the public, and the media as the field develops.

Looking Ahead

In the coming months, the consortium plans to release and maintain materials regarding Bitcoin security, updating as progress is made, and continues to fund and support the developer community. Bitcoin has proven its extraordinary resilience through the work of an open global community, and the consortium is honored to support this community.

For more information, please visit https://x.com/BTCconsortium

About the Members

Anchorage Digital - Anchorage Digital is the infrastructure layer of modern financial markets, providing institutions with a single platform to participate in digital assets, including prime brokerage services, tokenization, stablecoins, and a framework for proxy financial governance. Occupying the location of the first federally regulated digital asset bank in the U.S., Anchorage Digital Bank N.A., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore, Anchorage Digital NY, which holds a BitLicense from the New York State Department of Financial Services, and the self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through FDIC-insured licensed sub-custodians. Anchorage Digital is funded by leading institutions such as Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. The company was founded in 2017 in San Francisco, California, with offices in New York, Porto, Portugal, Singapore, and Sioux Falls, South Dakota.

ARK Invest - ARK Investment Management LLC is a federally registered investment advisor, headquartered in St. Petersburg, Florida as a private company. Founded by Cathie Wood in 2014, ARK focuses on disruptive innovation, aiming to identify large-scale investment opportunities in areas like artificial intelligence, robotics, energy storage, multi-omics sequencing, and blockchain technology.

BlackRock - BlackRock's mission is to help more and more people achieve financial well-being. As a fiduciary for investors and a leading provider of financial technology, we help millions build savings for a lifetime by making investing easier and more affordable.

Block - Block, Inc. (NYSE: XYZ) builds technology to increase access to the global economy. Each of our brands unlocks a different aspect of the economy for more people. Square enables merchants to use business and financial services. Cash App provides an easy way to spend, transfer, and save money. Afterpay is changing how customers manage their spending. Tidal is a music platform empowering artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for Bitcoin. Proto is a suite of Bitcoin mining products and services. Together, we help build a financial system that is open to everyone.

Blockstream - Blockstream is a leading global developer of blockchain infrastructure built on the Bitcoin standard. Founded by Adam Back in 2014, the company offers enterprise-level infrastructure across the Bitcoin full technology stack, including secure self-custody, layer-two networks, tokenization, and high-assurance smart contracts realized through Simplicity. Its Liquid network provides fast and confidential settlement for institutions, with a total lock-up value exceeding $8.5 billion. Through its research and engineering teams, Blockstream continues to advance Bitcoin's evolution through innovations in scalability, security, and programmability, supporting the next-generation post-quantum global financial infrastructure.

Coinbase - Coinbase (NASDAQ: COIN) aims to increase economic freedom globally. As the most trusted crypto platform, Coinbase holds more digital assets than any other company and is building a universal exchange—a place for access to cryptocurrencies, stocks, derivatives, prediction markets, and more. Coinbase serves consumers through its suite of financial applications, institutions through Coinbase Prime, and developers through the Coinbase Developer Platform. Each experience runs on Coinbase's full-stack platform, driving the future of finance: secure custody, deep trading liquidity, stablecoin infrastructure, and global settlement rails—all built on over a decade of safety and compliance foundations.

Fidelity Digital Assets - As a subsidiary of Fidelity Investments, Fidelity Digital Assets provides an institutional-grade digital asset experience that blends the history, principles, and expertise of traditional financial institutions. The business offers secure custody, integrated trading, and around-the-clock support for institutional investors, along with retail crypto products made available through the Fidelity Investments application and website. Fidelity Digital Assets was established in 2018 and launched in 2019, developing products and solutions that expand with investor demand, enabling clients to confidently navigate the digital asset space.

Galaxy - Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, providing solutions that accelerate financial and AI advancements. Our digital asset platform offers institutions access to trading, consulting, asset management, staking, self-custody, and tokenization technologies. Additionally, we develop and operate cutting-edge data center infrastructure to support AI and HPC workloads. With our 1.6 GW Helios campus in Texas, Galaxy is one of the largest and fastest-growing data center developers in North America. The company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Strategy - Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) is the world's first and largest Bitcoin treasury company. We pursue financial innovation strategies aimed at generating value from Bitcoin holdings, including the development and issuance of new fixed-income instruments to provide investors with varying degrees of Bitcoin economic exposure. Additionally, we are an industry leader in AI-driven business analytics software, advancing our vision of "ubiquitous intelligence." We believe that combining proactive Bitcoin capital management with a scaled software business positions us for long-term value creation in the digital assets and enterprise analytics markets.

About the Bitcoin Security Consortium

The Bitcoin Security Consortium is an initiative of leading financial institutions and Bitcoin companies that supports the long-term security and resilience of the Bitcoin network through funding, support, and education.