BlackRock, Coinbase and Strategy Join $15 Million Bitcoin Quantum Defense Push
A new Bitcoin Security Consortium backed by BlackRock, Coinbase, Strategy and six other firms has pledged a combined $15 million over three years to support Bitcoin security research and open-source development focused on quantum-computing defense. According to Decrypt’s Morning Minute newsletter, the group includes Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets and Galaxy. The consortium will not pool or allocate the capital itself. Each member will directly choose which developers and researchers to fund, while Brink’s Mike Schmidt will coordinate on a volunteer basis. The group also said it will not direct Bitcoin development or take positions on protocol changes. BlackRock digital assets head Robert Mitchnick said Bitcoin Core developers do “incredibly important work,” adding that the effort would expand available funding for Bitcoin’s long-term security. Decrypt also highlighted the scale of the issue the industry is trying to address. While no quantum computer can break Bitcoin cryptography today, about 6.9 million BTC, valued at roughly $450 billion, sit in addresses that would be vulnerable if that changes. The newsletter said proposals such as BIP 360 and post-quantum signature schemes are already being discussed because any upgrade would require years of coordination across wallets, exchanges, miners and users. The same Morning Minute also covered softer ETF flows, CLARITY Act timing risk, MoonPay’s Discover partnership and meme coin volatility.






