Strategy launches Bitcoin security consortium to address quantum threat

Strategy (MSTR) announced the launch of the Bitcoin Security Consortium with institutions including BlackRock, Coinbase and Fidelity. The consortium plans to provide $15 million in funding over three years directly to selected individuals or organizations to prepare for threats from quantum computing. Strategy said the consortium will not directly control BTC protocol development or dictate its direction, and instead is intended to serve as an independent sponsoring body that provides investors with security-related information.