Strategy’s delayed announcement of a $2.5 million Bitcoin sale triggers a dispute in a $50 million Polymarket prediction market.
A Polymarket bet on whether Strategy would sell Bitcoin by May 31 is in dispute after the firm sold 32 BTC worth $2.5 million between May 26-31 but announced the sale on June 1. The market, which has attracted over $50 million in trading volume, now faces an UMA vote for resolution as traders contest the outcome.
The dispute stems from the timing of Strategy’s announcement, which came after the market’s resolution deadline. Despite the sale occurring within the specified period, the delayed disclosure led to conflicting claims from “Yes” and “No” shareholders. The market currently shows 99.9% in favor of “No,” though the final decision remains pending.
Strategy, holding over $60 billion in Bitcoin, last sold BTC in 2022. The firm’s move has drawn significant attention, with trading volume surging as participants weigh the implications of the disputed resolution.