Galaxy’s Research Director: Bitcoin Policy Institute officially steps into the abandoned Bitcoin case, aiming to get the court to dismiss all lawsuits

Deep Tide TechFlow message. On July 11, Alex Thorn, head of research at Galaxy, posted on X disclosing that the abandoned Bitcoin case involving “Noah Doe,” which attempts to obtain ownership of Satoshi Nakamoto’s Bitcoin through legal proceedings, has seen major progress. The Bitcoin Policy Research Institute (BPI) has formally filed to intervene as a defendant in the case and is seeking to push for the court to dismiss all lawsuits. It is reported that, represented by the law firm White & Case, BPI not only filed to intervene this time, but also submitted proposed responsive pleadings, 15 affirmative defenses, and plans to file a motion to dismiss.

Alex Thorn revealed that BPI claims it has standing to intervene because the institution has long self-custodied a portion of its Bitcoin reserves planned to be held indefinitely, and the plaintiffs’ theory that “long-term non-use constitutes abandonment” could precisely bring similar assets into the scope of future litigation. If the legal logic in this case is ultimately supported by the court, it may set a precedent for depriving long-term self-custody users of asset ownership. Therefore, this lawsuit is not only about assets related to Satoshi Nakamoto, but also concerns the legal foundation of the entire Bitcoin self-custody ecosystem.