Bitcoin Security Alliance Launched! Nine major firms including Strategy, BlackRock, and Coinbase have joined, committing $15 million to fund core developers and quantum-resistant research.

Nine financial institutions and crypto firms have jointly announced the launch of the Bitcoin Security Alliance, whose founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity, Galaxy, and Strategy, covering end-to-end entities across custody, trading, infrastructure, payments, and asset management. The alliance has pledged a total of $15 million over the next three years to fund developers and researchers working on Bitcoin security, including long-term efforts such as preparing Bitcoin for the future quantum computing era. Each member independently decides which developers, researchers, or organizations to allocate funds to. The alliance’s day-to-day operations are coordinated on a voluntary basis by Mike Schmidt, executive director of Brink, a nonprofit that funds Bitcoin open-source developers. The alliance clarifies that it will not develop or dictate Bitcoin protocols, take stances on specific protocol changes, or represent Bitcoin or its developers—Bitcoin’s development remains the work of its global, decentralized contributor community. It positions itself to follow the model of industry organizations that have long supported open-source software, providing resources and attention to developers without controlling underlying work. Strategy CEO Phong Le stated, “As long-term holders, ensuring Bitcoin’s security for generations is our biggest motivation”; BlackRock Global Head of Digital Assets Robert Mitchnick noted that the work of Bitcoin’s core developers is “extremely important,” adding that the pledge will provide “significant additional funding” for Bitcoin’s long-term security needs. The alliance will also serve as a trusted source of information on Bitcoin security for investors, the public, and media, with plans to release and regularly update Bitcoin security-related materials in the coming months.