Galaxy Digital's Head of Research: The Bitcoin Policy Institute has filed an application to intervene in the abandoned Bitcoin case, and intends to urge the court to dismiss all the lawsuits.

Galaxy Research Head Alex Thorn posted on social media that the Bitcoin Policy Institute (BPI) has formally filed a motion with the court to intervene in the high-profile "Noah Doe" case and participate in the litigation as a defendant. BPI stated that its application is submitted in accordance with relevant provisions of New York State's Civil Practice Law and Rules, and no similar application on this matter has been filed with any court before. According to the submitted documents, BPI comprehensively denies all main allegations in the plaintiff’s complaint in its proposed answer, only acknowledging that the plaintiff is seeking a declaratory judgment through this case. For other allegations, BPI either denies them or states it lacks sufficient information to form a judgment. BPI also introduced that the organization was founded in 2021, is a non-partisan, non-profit organization headquartered in Washington D.C., U.S., focusing on researching the policy and social impacts of Bitcoin and emerging currency networks, and conducts independent research free from influence from industry players such as cryptocurrency companies or trading platforms. The case has drawn significant market attention as it involves an anonymous individual attempting to obtain ownership of a large amount of Bitcoin allegedly belonging to Satoshi Nakamoto through legal proceedings. With BPI’s application to intervene as a defendant, the organization stated it will oppose the plaintiff’s claims and push the court to dismiss the entire lawsuit.