BlackRock and Strategy Form Bitcoin Security Consortium to Address Quantum Computing Risk

Growing quantum computing capability is forcing Bitcoin and crypto industry players to urgently develop and fund post-quantum cryptographic defenses.

BlackRock and Michael Saylor's Strategy formally established the Bitcoin Security Consortium to fund development of quantum-resistant Bitcoin cryptography. The consortium, previously reported as a 15-institution alliance pledging $15 million over three years, expands the post-quantum development effort documented in prior periods that also included Coinbase building post-quantum custody infrastructure.