Nine firms form Bitcoin Security Consortium, pledge $15M

A coalition of nine major financial and cryptocurrency firms has launched the Bitcoin Security Consortium, pledging a combined $15 million over the next three years to fund security research and development for the Bitcoin network. The group, which includes BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets, and Galaxy, announced the initiative on July 23, 2026.

The consortium's primary initial focus is on preparing Bitcoin for potential future threats from quantum computing, though it will also support broader security work. The group emphasized that it will not direct Bitcoin's protocol development or take positions on proposed technical changes, instead providing funding while allowing the network's decentralized developer community to retain full control.

Each member company will direct its own financial contribution independently to developers, researchers, or organizations of its choosing, with the $15 million total representing an aggregate of these individual pledges rather than a single pooled fund. The consortium will not be involved in allocation decisions. Individual contribution amounts and specific initial...