Quantum computing is moving from theory to a long-term strategic consideration, and Strategy (MSTR) made clear its intention to be proactive rather than reactive during the company’s fourth-quarter earnings conference call Thursday.
Strategy, the largest Bitcoin holding company, plans to launch a Bitcoin security program to coordinate with the global cyber, crypto, and Bitcoin security community.
The company addressed the growing debate over quantum risk and reaffirmed its commitment to Bitcoin security, presenting 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 high as $104, but the market’s attention quickly shifted to Executive Chairman Michael Saylor’s comment.
Saylor revisited a long list of historic 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 highlighted a series of key points about quantum computing, predicting that quantum technology is likely more than a decade away and emphasizing that the Bitcoin community is already studying quantum-resistant cryptography.
Shares rose 6% in premarket trading as bitcoin rebounded to $65,000.
Read more: Galaxy CEO Mike Novogratz doesn’t see quantum as a big threat to Bitcoin
