Woofun AI reports that the Bitcoin Policy Institute filed an application with the New York State Supreme Court on July 10 to intervene as a defendant in the "Noah Doe" lawsuit. Represented by White & Case, the institute submitted a proposed response and 15 grounds of defense, planning to file a motion to dismiss. The case involves an anonymous plaintiff using abandoned property laws to claim ownership of approximately 3.8 million dormant BTC, including assets held by Satoshi Nakamoto.

BPI argues that its self-custody reserve matches the plaintiff's definition of "abandoned" assets, putting its holdings at risk if the theory holds. The institute contends that knowing a public address is akin to knowing an account number and does not equal ownership, while long-term holding reflects "hodl" practices rather than abandonment. Other parties, including "John Doe 33" and the Digital Chamber, have also intervened or submitted briefs opposing the claims.