Nine of the biggest names in institutional Bitcoin (CRYPTO: BTC) launched the Bitcoin Security Consortium Thursday, pledging $15 million over three years to fund quantum computing defense research.

Who Is In The Consortium And What Are They Funding?

According to a press release, the nine founding members span the full institutional Bitcoin ecosystem — Strategy Inc.

(NASDAQ:MSTR), BlackRock (NYSE:BLK), Coinbase (NASDAQ:COIN), Galaxy, Fidelity Digital Assets, Anchorage Digital, ARK Invest, Block, and Blockstream.

Image Created Via ChatGPT Each member funds developers and researchers independently, takes its own position on protocol changes, and leaves Bitcoin development to the open-source community.