Michael Saylor’s Strategy and eight financial firms, including ARK Invest, BlackRock, and Coinbase, have launched the Bitcoin Security Consortium to support the network’s long-term security. The founding members have also pledged $15 million to support Bitcoin developers as they seek to address quantum threats.
Strategy Announces Launch of Bitcoin Security Consortium
In a press release, the Bitcoin treasury firm announced the launch of the Consortium to support the Bitcoin network’s long-term security, with members pledging an aggregate of $15 million over the next three years.
Founding members of the Bitcoin Security Consortium include Strategy alongside Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy Digital. The Bitcoin treasury firm noted that these are a cross-section of the institutional BTC ecosystem.
BlackRock, Fidelity, and ARK Invest are notably Bitcoin ETF issuers; Anchorage Digital and the top crypto exchange Coinbase offer custody services to these ETF issuers. Meanwhile, Block, Blockstream, and Galaxy offer Bitcoin-related services.
Strategy revealed that Mike Schmidt, Executive Director of Brink, will coordinate the day-to-day work in a volunteer capacity. Schmidt also confirmed in an X post that he is receiving no compensation from the Bitcoin Security Consortium.
Today nine institutions including BlackRock, Fidelity, Coinbase, and Strategy announced the Bitcoin Security Consortium (@BTCconsortium), pledging $15M toward Bitcoin security work over the next three years. I’ve agreed to help coordinate the group’s work as a volunteer.
I said…
— Mike Schmidt (@bitschmidty) July 23, 2026
“I continue to run Brink, independent of any Consortium member. I’ve committed to a year in this role, maybe I’d do two, but ultimately I see it as a seat that should rotate to other participants over time. My commitment is to Bitcoin, and that doesn’t change,” he said.
How The $15 Million Funding Will Work
The Bitcoin Security Consortium will fund and support developers and researchers already working on Bitcoin’s security. This will include the long-term work of securing the network against potential quantum threats.
Strategy also revealed that each founding member will direct its own funding independently to the developers, researchers, and organizations it chooses. Schmidt mentioned in his X post that there will be no Consortium positions on protocol changes.
He also noted that Quantum is the first focus but that if the Bitcoin Security Consortium works out well, there is room to support other security efforts too. Data from the top crypto prediction platform Polymarket shows that there is only a 14% chance that Quantum Computing breaks Bitcoin by December 2027.
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