[Key Development in Qian Zhimin's 60,000 Bitcoin Case: Blue Sky Greentech Enters Through Litigation Receiver, Clash Over Applicable Laws Between China and UK] According to Caixin, the hearing for Qian Zhimin's 60,000 Bitcoin case was held over three days from July 7 to July 9, 2026. Blue Sky Greentech officially joined the battle for Bitcoin ownership through a litigation receiver, turning the dispute from a 'two-party confrontation' into a 'three-party competition': 1. The UK prosecution (DPP) argues that the assets should be confiscated by the state; 2. Chinese victims claim they hold property rights to the Bitcoins, which can be traced back to assets that have significantly appreciated in value; 3. The litigation receiver for Blue Sky Greentech asserts that the Bitcoins are substitute assets formed from company funds misappropriated by Qian Zhimin. It is reported that the Bitcoins involved in the case were valued at approximately ¥427,000 per coin in July of this year, representing a 152-fold increase from the purchase price of ¥2,815 per coin when Qian Zhimin acquired them in 2014.