9 institutions, Belet, Coinbase and others, established the Bitcoin Security Alliance, to be funded by $15 million over three years

On 24 July, CoinDesk reported that nine institutions, Belet, Fuda Digital Assets, Coinbase, Strategy, Angelage Digital, Ark Invest, Block, Blockstream and Galaxy Digital, had joined forces to form the Bitcoin Security Alliance, which committed $15 million over three years to fund the Bitcoin open source developers。