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Bitcoin Policy Institute Files to Intervene in 3.8M BTC Dormant Address Case on July 10

Enforcement Actions Regulation & Policy

2026-07-12 03:41:51

BTC-0.26%

According to Galaxy Research researcher Alex Thorn, Bitcoin Policy Institute (BPI) filed an application on July 10 to intervene in the "Noah Doe" case before New York State Supreme Court as a defendant. The lawsuit, filed under New York's Abandoned Property Law, seeks to claim legal ownership of approximately 3.8 million dormant bitcoins, including holdings attributed to Satoshi Nakamoto. BPI argued that its self-custody bitcoin reserves qualify as dormant assets under the plaintiff's definition, and therefore have standing to intervene. The institute's defense asserts that knowing a public address does not constitute asset ownership; long-term holding without sale does not equal abandonment but rather "hodl."

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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