Quantum computing is moving from theory to long-term strategic considerations, and Strategy (MSTR) made clear its intention to be proactive rather than reactive during the company’s fourth-quarter earnings call Thursday.
Strategy, the largest corporate holder of Bitcoin, plans to launch a Bitcoin Security Initiative to coordinate with the global network, cryptocurrency and Bitcoin security communities.
The company addressed the growing discussion around quantum risks and reiterated its commitment to Bitcoin security, viewing quantum as a future engineering challenge that the network can address rather than an immediate threat.
Strategy reported a net loss of $12.4 billion in the quarter. Shares fell 17% that day, trading as low as $104, but market focus soon turned to comments from executive chairman Michael Saylor.
Thaler revisited the long list of historical Bitcoin FUD (Fear, Uncertainty, and Doubt) and argued that the network has overcome quantum concerns while acknowledging that quantum deserves serious long-term planning.
The company outlined a series of key points for quantum computing, predicting that quantum technology may be more than a decade away, and noting that the Bitcoin community is already working on quantum-resistant cryptography.
Shares rose 6% in pre-market trading as Bitcoin rebounded to $65,000.
Read more: Galaxy CEO Mike Novogratz doesn’t think quantum technology poses a huge threat to Bitcoin
