A startup has raised $6 million in a seed spherical to guard Bitcoin from quantum computing.
Mission 11, which focuses on quantum computing’s hypothetical risk to the main crypto community, introduced the elevate Thursday, which was co-led by Variant and Quantonation, and included participation from enterprise capital companies Fortress Island Ventures, Nebular, and Formation.
The agency mentioned that quantum computing is a risk to Bitcoin so “each pockets, each account holder, each sensible contract key—all of it—should improve to new, quantum-safe cryptography.”
At present we’re saying a $6 million seed spherical at Mission Eleven, to construct a quantum-ready future for digital belongings. The seed spherical was co-led by @variantfund and @Quantonation with participation from @CastleIslandVC, @Nebularvc, and @formation_vc.
Why this issues: Quantum…
— Mission 11 (@qdayclock) June 19, 2025
“A cryptographically related quantum pc will break the foundational safety assumptions of Bitcoin and practically each digital asset,” Mission 11 mentioned in an announcement.
“With fast progress from firms like IBM and Google, that future is not hypothetical. It’s coming quick and there isn’t lengthy to arrange.”
Quantum computing is a brand new kind of know-how that makes use of quantum physics to course of far bigger quantities of knowledge than classical machines.
Such computer systems aren’t obtainable to the general public but and prime tech firms like Google and IBM are engaged on growing them.
However some within the crypto house have raised issues that as tech giants make greater strides to releasing a quantum pc, Bitcoin’s cryptography may very well be cracked.
The Bitcoin community is at present the world’s most safe computing community—and has by no means been hacked.
In an effort to crack the community’s cryptography, a nasty actor must take management of greater than 50% of the Bitcoin community, which might require an enormous quantity of computing energy.
Hardcore Bitcoiners like Technique co-founder and chairman Michael Saylor have shrugged off issues about quantum computing, saying that when such a risk exists, different computing networks—utilized by the likes of banking giants or the U.S. navy—will face a much bigger danger.
“I do not fear about it,” he mentioned. “Microsoft and Google market their quantum initiatives, however they’d by no means promote a quantum pc that cracked cryptography, as a result of it could destroy their very own firms.”
Bitcoin was just lately buying and selling at about $104,250, roughly flat over the previous 24 hours.
Edited by James Rubin
