Large financial institutions and core Bitcoin companies jointly form the Bitcoin Security Alliance
A number of large financial institutions and bitcoin-focused companies have jointly formed the "Bitcoin Security Consortium"(BSC), which aims to strengthen the long-term security of the Bitcoin network by funding research, supporting developers, and conducting public education. The plan was announced by Michael Siler on July 23, 2026, emphasizing that it is a collaborative action designed to support Bitcoin's open source ecosystem without changing its decentralized governance model.
"Bitcoin's security is a shared responsibility. Today, we launched the Bitcoin Security Alliance and have received $15 million in committed funding to support developers and researchers who will strengthen Bitcoin in the coming decades."-- Michael Siler
Alliance members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy. Members have jointly committed a total of $15 million in funding over the next three years, and each organization will independently decide how to fund Bitcoin developers, researchers and security-related projects.
Strategy remains one of Bitcoin's largest institutional supporters. Earlier this month, the company added $225 million to its U.S. dollar reserves, while MSTR's share price returned to the $100 mark. Currently, the company holds 843,775 bitcoins, making it the world's largest corporate bitcoin reserve.
Funding Arrangements
A commitment to invest US$15 million in Bitcoin security research over the next three years.
Member List
Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, Strategy.
Development Model
Members will fund projects independently rather than establishing a centralized funding pool.
Mission Objectives
Support open source developers, security researchers and education projects while avoiding interference with protocol governance.
Coordinator
Mike Schmidt of Brink will oversee the alliance's operations as a volunteer.
Research Focus
Advancing post-quantum cryptography and long-term security of Bitcoin.
Governance Principles
The Alliance does not participate in the development of Bitcoin, does not propose protocol changes, and does not represent Bitcoin developers, thereby maintaining decentralized governance of Bitcoin.
Thaler supports stability in Bitcoin's base layer
Michael Thaler said Bitcoin's core protocol should remain stable and warned that unnecessary modifications could reduce the security, reliability and predictability of the network. He believes that future innovation should mainly occur in the fields of second-level technology, applications and open source development, rather than changing the basic consensus of Bitcoin.
The way theAlliance operates reflects this philosophy: by funding security research and developer projects without influencing the Bitcoin protocol. Its long-term goal is to strengthen the entire network without weakening Bitcoin's decentralization principles.
Thaler said that Bitcoin's biggest advantages are its security, decentralization and predictability. He believes it is crucial to maintain these features while allowing innovation through second-layer networks and open source applications, rather than changing Bitcoin's core rules.

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