Quantum computing is moving from theory to long-term strategic consideration, and Strategy (MSTR) has made clear that it intends to be proactive rather than reactive during the company’s fourth-quarter earnings call on Thursday.
Strategy, the largest corporate holder of bitcoin, plans to start a bitcoin security program to coordinate with the global bitcoin, crypto and cybersecurity community.
The company addressed the growing debate over quantum risk and reaffirmed its commitment to bitcoin security, framing quantum technology not as an immediate threat but as a future engineering challenge that 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 attention quickly focused on CEO Michael Saylor’s comment.
Saylor reviewed 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 number of key points about quantum computing, predicting that quantum technology is likely more than a decade away and noting that the Bitcoin community is already researching quantum-resistant cryptography.
Shares rose 6% in pre-market trading as bitcoin rallied to $65,000.
Read more: Galaxy CEO Mike Novogratz doesn’t see quantum technology as a big threat to bitcoin
