Woofun AI reports that Nine financial institutions and a Bitcoin company, including Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Management & Research Company, Galaxy, and Strategy, announced the formation of the Bitcoin Security Alliance. The alliance has pledged to collectively provide $15 million over the next three years to fund developers and researchers in the Bitcoin security field, including long-term work to prepare Bitcoin for the age of quantum computing.

Each member independently decides where their funding goes. The day-to-day operations of the alliance are coordinated on a voluntary basis by Mike Schmidt, Executive Director of Brink. The alliance explicitly states that it does not make or direct changes to the Bitcoin protocol, does not take positions on specific protocol changes, and does not represent Bitcoin or its developers. Its positioning is to emulate the industry organization model of long-term support for open-source software.

Strategy CEO Phong Le stated, "As long-term holders, ensuring the security of the Bitcoin generation is our greatest incentive"; BlackRock's Global Head of Digital Assets, Robert Mitchnick, pointed out that the work of Bitcoin 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 in the Bitcoin security field for investors, the public, and the media.