Crypto World
Strategy to initiate a BTC security program addressing quantum uncertainty
Quantum computing is moving from theory to long term strategic consideration, and Strategy (MSTR) has made it clear it intends to be proactive rather than reactive during the company’s Q4 earnings call on Thursday.
Strategy, the largest corporate holder of bitcoin, plans to initiate a bitcoin security program to coordinate with the global cyber, crypto, and bitcoin security community.
The company addressed growing discussion around quantum risk and reaffirmed its commitment to bitcoin security, framing quantum not as an immediate threat but as a future engineering challenge the network can prepare for.
Strategy reported a net loss of $12.4 billion for the quarter. Shares fell 17% on the day, trading as low as $104, but market focus quickly shifted to executive chairman Michael Saylor’s commentary.
Saylor revisited a long list of historical Bitcoin FUD (fear, uncertainty and doubt) that the network has already overcome quantum concerns, while acknowledging that quantum deserves serious long term planning.
The company outlined a range of key points on quantum computing, predicting that quantum technology is likely more than a decade away and pointing out that the Bitcoin community is already researching quantum-resistant cryptography.
Shares are up 6% in pre-market trading as bitcoin has rebounded to $65,000.
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