Strategy’s First Bitcoin Sale Since 2022 Spurs $50M Polymarket Dispute
MSTR•Strategy sold 32 BTC valued at $2.5 million between May 26 and May 31, its first sale since 2022, prompting a modest drop in its share price. Predictors on Polymarket are disputing the proposed resolution of a $50 million market on whether the sale occurred before May 31.
1. Bitcoin Sale Details
Strategy disposed of 32 BTC for $2.5 million between May 26 and May 31, marking its first reduction of Bitcoin holdings since 2022.
2. Polymarket Bet Dispute
A high-profile $50 million Polymarket prediction market on whether the sale occurred by May 31 has been challenged twice, pushing the final resolution to a vote by UMA tokenholders.
3. Market Reactions
Following the disclosure, Strategy’s shares slid modestly and triggered the largest weekly outflow from Bitcoin ETFs this year, with $1.44 billion withdrawn across crypto products.
