Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editor

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff editor

Strategy-led group pledges $15M to quantum-proof Bitcoin network

Latest NewsPublishedJul 23, 2026

A consortium led by Strategy and BlackRock has pledged $15 million to secure the Bitcoin network from the threat of a quantum computing breakthrough.

Michael Saylor’s Strategy revealed the launch of the Bitcoin Security Consortium, a group of financial institutions and Bitcoin companies supporting the long-term quantum security of the Bitcoin network.

The consortium pledged an aggregate $15 million over the next three years to support developers securing the Bitcoin network against the threat of a quantum computing breakthrough, Strategy revealed in a Thursday press release.

Other founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy. The consortium’s day-to-day work will be coordinated by Mike Schmidt, who serves in a volunteer capacity and is the executive director of Brink, a non-profit that supports Bitcoin open-source developers.

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. 

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 stated 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 stated that Bitcoin has about three to five years to prepare for a post-quantum security upgrade.  

BlackRock’s global head of digital assets, Robert Mitchnick, stated that Bitcoin core developers do “incredibly crucial work” and that the asset management company was pleased to make “notable additional funding available to support Bitcoin’s long-term security needs.” 

Magazine: Bitcoin’s quantum upgrade path: What BIP-360 changes and what it does not

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Michael Saylor
• Cybersecurity
• Bitcoin Adoption
• BlackRock
• Quantum Computing
• Bitcoin

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