Bitcoin Quantum Security: BlackRock, Strategy and Coinbase Back $15M Industry Fund

TLDR

• Strategy, BlackRock, Coinbase and six others launched the Bitcoin Security Consortium with a $15 million, three-year funding pledge.
• The group’s first focus is post-quantum cryptography to protect Bitcoin against future quantum computing threats.
• Each member directs its own capital independently — there is no central grant committee.
• Brink Executive Director Mike Schmidt will coordinate the consortium’s day-to-day work on a volunteer basis.
• Quantum computers capable of breaking Bitcoin’s encryption do not yet exist, but estimates suggest “Q-Day” could arrive as early as 2030.

---

Nine of the biggest names in Bitcoin have joined forces to fund long-term security research for the network. Strategy, BlackRock, Coinbase, Galaxy, Fidelity Digital Assets, Anchorage Digital, ARK Invest, Block, and Blockstream announced the Bitcoin Security Consortium on July 23.

LATEST: 💰 BlackRock, Coinbase, Strategy and six other firms have pledged $15M over three years to strengthen Bitcoin’s security, including defenses against future quantum computing threats. pic.twitter.com/7el1VmafFe

— CoinMarketCap (@CoinMarketCap) July 23, 2026

The founding members have collectively pledged $15 million over three years. Each firm will direct its own capital independently to the organizations it chooses, rather than pooling funds under a central committee.

Brink Executive Director Mike Schmidt will coordinate the group’s day-to-day work in a volunteer capacity.

The consortium will not develop or govern Bitcoin’s protocol. It will not take positions on protocol changes or speak on behalf of Bitcoin developers. Protocol development stays with the network’s decentralized open-source community.

Why Post-Quantum Cryptography Is the First Priority

The group’s immediate focus is post-quantum cryptography — the work of making Bitcoin’s encryption resistant to future quantum computers.

Large-scale quantum computers capable of breaking Bitcoin’s current encryption do not exist today. Credible estimates still place that capability years away.

But a decentralized network like Bitcoin may need years of research, testing, and coordination before it can adopt new protections. That lead time is the core concern driving the consortium’s urgency.

Startup Project Eleven warned in May that roughly 6.9 million bitcoins could be at risk under certain quantum computing conditions. The firm placed “Q-Day,” when quantum computers could break modern encryption, as early as 2030.

Strategy CEO Phong Le said long-term holders have “every incentive to see Bitcoin remain secure for generations.” He framed developer funding and better public information as a natural way for the firm to contribute.

BlackRock’s Global Head of Digital Assets Robert Mitchnick said Bitcoin Core developers perform critical work and that the consortium will make funding available for the network’s long-term security needs.

Industry Momentum Is Building

The consortium’s launch follows Galaxy’s own Bitcoin Quantum Readiness Initiative earlier in the same week. Galaxy committed up to $5 million in developer grants for post-quantum cryptographic tools.

Last month, President Donald Trump signed two executive orders to accelerate U.S. quantum computing capabilities. One order pushes for full post-quantum cryptography migration for federal high-value assets by the end of 2031.

The orders do not mention Bitcoin directly. But Project Eleven CEO Alex Pruden said they could accelerate post-quantum cryptography development across the federal contractor base, which could benefit the crypto industry broadly.

The consortium’s role is narrow: fund work already underway and publish material giving investors and the public a clearer view of Bitcoin’s security progress. With institutional ownership of Bitcoin growing, the group turns a long-dated technical concern into a funded infrastructure project.