Bitcoin Security Alliance Established! Strategy, BlackRock, Coinbase, and Other Nine Giants Join, $15 million to Fund Core Developers and Quantum Resistance Research

BlockBeats News, July 23rd. Nine financial institutions and a Bitcoin company announced the establishment of the Bitcoin Security Alliance. The founding members include Strategy, Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy, covering the full chain institutions such as custody, trading, infrastructure, payments, and asset management.

The alliance has committed to a total of $15 million in funding over the next three years to support developers and researchers in the Bitcoin security field, including long-term work to prepare Bitcoin for the future quantum computing era. Each member independently decides where their funds will be allocated to support which developers, researchers, or organizations. The daily operations of the alliance are coordinated by Mike Schmidt, the Executive Director of Brink, on a voluntary basis. Brink is a nonprofit organization that funds Bitcoin open-source developers.

The alliance explicitly stated that it does not develop or control the Bitcoin protocol, does not express opinions on specific protocol changes, and does not represent Bitcoin or its developers—the development of Bitcoin is still carried out by a globally decentralized contributor community. Its positioning is to mimic the long-term support model of industry organizations for open-source software, providing resources and attention to developers without controlling the underlying work.

Strategy CEO Phong Le stated, "As long-term holders, ensuring the security of the Bitcoin generation is our greatest incentive"; Robert Mitchnick, Global Head of Digital Assets at BlackRock, pointed out that the work of Bitcoin core developers is "extremely important," and this commitment will provide "significant additional funding" for Bitcoin's long-term security needs. The alliance will also serve as a reliable source of information on Bitcoin security for investors, the public, and the media, planning to release and continuously update Bitcoin security-related materials in the coming months.