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Claim1,200 USDT in the Monthly Creation ChallengeGrab Your Share of the 300 USDT Prize Pool!Post To Earn Bonus Article New lawsuit claims Satoshi Nakamoto’s Bitcoin is “Lost Property” worth under $10 

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New lawsuit claims Satoshi Nakamoto’s Bitcoin is “Lost Property” worth under $10 per wallet

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New lawsuit claims Satoshi Nakamoto’s Bitcoin is “Lost Property” worth under $10 per wallet
The New York lawsuit creates a potential legal trap if the untouched coins ever move to regulated exchanges.

Oluwapelumi Adejumo
By
Oluwapelumi Adejumo
Senior Reporter
•
CryptoSlate
New lawsuit claims Satoshi Nakamoto’s Bitcoin is “Lost Property” worth under $10 per wallet
Image by CryptoSlate
May. 29, 2026
at 8:10 am GMT
6 min read
Quick Take
01
A New York lawsuit seeks title to 39,069 dormant Bitcoin addresses, including wallets linked to Satoshi Nakamoto.
02
Plaintiffs argue the wallets are lost property worth under $10 each, while analysts value them at about $293.5 billion.
03
The case may still hinge on whether a judge accepts abandonment, since silent owners can appear if coins ever move.
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A New York lawsuit is seeking to treat some of Bitcoin’s oldest dormant wallets, including addresses tied to the cryptocurrency’s creator, as lost property valued at less than $10 each.

The amended complaint asks a state court to grant legal ownership of 39,069 Bitcoin addresses to a pseudonymous plaintiff identified as Noah Doe and two Wyoming entities, ABC Company, and XYZ Company.

Together, the addresses hold nearly 3.8 million BTC, or about 18% of Bitcoin’s fixed 21 million token supply.


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Galaxy Digital stated that nearly all of the 39,069 defendant addresses overlap with wallets that received small on-chain transactions in 2025.

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At the time, Salomon Brothers used Bitcoin’s OP_RETURN feature to serve legal notices on the dormant wallets, claiming a right to seize them under the “Doctrine of Abandonment” unle

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Strategy selling? Saylor’s Bitcoin transfer to Coinbase puts his treasury model under cash pressure

Strategy's Coinbase Prime transfer has revived debate over whether its treasury can remain untouched.

Strategy moved more than 411 Bitcoin to Coinbase Prime, but the transfer has not been confirmed as a sale.

02The move matters because it came as Strategy paused Bitcoin buys, repurchased debt, and said Bitcoin sales could fund obligations.

03With STRC trading below par and cash reserves shrinking, the company may face a choice between selling Bitcoin or stressing dividends.
On May 29, Strategy (formerly MicroStrategy) moved more than 411 Bitcoin to Coinbase Prime, drawing fresh scrutiny to Michael Saylor’s financing model.

Arkham Intelligence data showed two transfers of roughly 205.3 BTC and 206.2 BTC from Strategy-associated wallets before the coins reached the destination address.
This movement has not been confirmed as a sale, and Strategy has previously shifted coins between wallets as part of custody management, triggering similar speculation that later appeared to reflect internal restructuring.
However, the latest transfer drew closer attention because of how the coins moved.

ForeDex Proof, an on-chain analyst, said the transferred Bitcoin first left two Strategy-linked wallets for new addresses before being moved again, a second step that differs from earlier wallet migrations.

Those prior transfers generally stopped after funds moved from an MSTR-linked wallet into a new address.

Moreover, the address format also stood out. ForeDex Proof said Strategy has historically used Coinbase Custody and Native SegWit addresses beginning with “bc1q,” while the latest movement involved an address beginning with “3,” a P2SH format.


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