BlockBeats News, July 23rd, Nine financial institutions and Bitcoin companies announced the establishment of the Bitcoin Security Alliance. The founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Management & Research Company, Galaxy, and Strategy, covering institutions across the entire chain including custody, trading, infrastructure, payments, and asset management.

The alliance has committed to providing a total of $15 million in funding over the next three years to support developers and researchers in the Bitcoin security field, including long-term work to prepare Bitcoin for the future quantum computing age. Each member independently decides where their funding goes, whether to developers, researchers, or organizations. The alliance's day-to-day operations are coordinated on a voluntary basis by Mike Schmidt, Executive Director of Brink, a non-profit organization funding Bitcoin open-source developers.

The alliance explicitly states that it does not dictate or control the Bitcoin protocol, take a stance on specific protocol changes, or represent Bitcoin or its developers—the development of Bitcoin is still carried out by a globally decentralized contributor community. Its position is to emulate the long-standing support for open-source software by industry organizations, providing resources and attention to developers without controlling the underlying work.

Strategy CEO Phong Le stated, "As long-term holders, ensuring the security of the Bitcoin generation is our greatest incentive"; Robert Mitchnick, Global Head of Digital Assets at BlackRock, 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 and plans to release and continuously update Bitcoin security-related materials in the coming months.