Wu Says Learned that a Galaxy Research report states that an anonymous plaintiff, Noah Doe, and two Wyoming LLCs filed a lawsuit in March 2026 in the Supreme Court of New York County, seeking confirmation of their legal ownership of 39,069 long-dormant Bitcoin addresses and approximately 3,799,629 BTC contained within them. The claim values the BTC at about $293.5 billion based on the price as of May 25, 2026, including about 1.096 million BTC believed to belong to Satoshi Nakamoto, about 79,957 BTC from the Mt. Gox hacker address, and about 2,131 BTC from the Counterparty burn address. Galaxy Research believes the legal basis for the lawsuit is questionable, including because the plaintiffs do not hold private keys or have actual control of the BTC, yet they value each address at less than $10 to enable a faster path to entitlement, and they attempt to complete substituted service via on-chain notification using OP_RETURN. The report says that even if the plaintiffs prevail, they cannot obtain private keys or transfer BTC, but they may be able to assert rights when the relevant BTC enters centralized exchanges or custodial institutions through the court ruling; long-term dormancy does not mean abandoning ownership.

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AirdropSidequest

· 12h ago

293.5 billion dollars? The plaintiff probably isn't joking around.

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APuppyInTheWarmSun

· 14h ago

If Satoshi's coins could move, they would have already moved long ago; there's no need to wait until today.

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TheRedTelephoneBoothInTheRuins

· 17h ago

Undervalued assets accelerate ownership, I was so focused on the calculations I could hear them on Mars.

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GateUser-94818fd0

· 17h ago

It is recommended that the plaintiff first prove that they are human, then prove they have rights.

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Tangerine-FlavoredPullback

· 17h ago

Galaxy Research's recent gossip report is quite good.

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LeverageWithdrawalInProgress

· 17h ago

May 25, 2026 price, precise to a specific day, the details are strange.

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BullsAndBearsInVinyl

· 17h ago

This litigation fee probably exceeds the BTC in the plaintiff's wallet.

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TheFeelingOfEthInTheSeaBreeze

· 17h ago

Even the counterparty’s destruction counts—talk about dancing at someone’s grave.

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GateUser-5578154d

· 17h ago

Even if you win, how do you enforce it? Force the miners to hard fork and transfer the coins to him?

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GateUser-dd8dffab

· 17h ago

Hibernation ≠ giving up, even my grandma understands this.

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An anonymous plaintiff sues to claim Bitcoin from dormant addresses including Satoshi Nakamoto, involving nearly 3.8 million BTC

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