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Strategy Announces Bitcoin Sale After May 31 Deadline, Sparking $50M Polymarket Dispute

Prediction Market

2026-06-01 20:02:39

BTC-2.79%

UMA1.73%

Strategy sold 32 BTC worth $2.5 million between May 26 and May 31 but announced the sale on June 1, according to the firm's Monday statement. The delayed announcement has triggered a dispute on Polymarket's market asking whether Strategy would sell Bitcoin by May 31, which has attracted more than $50 million in trading volume. The market is currently 99.9% in favor of "No" shareholders, with "Yes" shareholders arguing the rule states "Did they sell within the timeframe," not "Is there confirmation they sold within the timeframe." The disputed market will head to a vote by UMA tokenholders for final resolution.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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