BlackRock, a certain exchange, and Strategy jointly establish the Bitcoin Security Alliance, committing $15 million over three years to fund core developers and research in post-quantum cryptography.

BlockBeats News, on July 23, nine financial institutions and Bitcoin companies jointly announced the formation of the Bitcoin Security Alliance. The founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, a certain exchange, Fidelity Asset Management, Galaxy, and Strategy, covering custody, trading, infrastructure, payments, and asset management across the entire industry chain.

The Alliance has pledged to provide a total of $15 million in funding over the next three years to support developers and researchers in the Bitcoin security sector, including long-term efforts such as preparing Bitcoin for the future era of quantum computing. Each member independently decides which developers, researchers, or organizations to fund. The Alliance’s daily operations are coordinated on a volunteer basis by Brink Executive Director Mike Schmidt; Brink is a non-profit organization that funds Bitcoin open-source developers.

The Alliance made it clear that it will not set or direct the Bitcoin protocol, will not comment on specific protocol changes, and does not represent Bitcoin or its developers—the development of Bitcoin is still carried out by a global decentralized community of contributors. Its role is to follow the industry's tradition of long-term support for open-source software, providing resources and attention to developers without controlling the underlying work.

Strategy CEO Phong Le stated, "As a long-term holder, ensuring Bitcoin's generational security is our greatest motivation"; BlackRock’s Global Head of Digital Assets Robert Mitchnick pointed out that the work of Bitcoin’s 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 for investors, the public, and the media in the field of Bitcoin security, with plans to release and continuously update Bitcoin security materials in the coming months.