Strategy’s Bitcoin sale causes clash for $80M in Polymarket bets
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A clash has erupted among Polymarket users over the timing and disclosure of a recent Bitcoin sale by Strategy, with more than $80 million traded on the disputed outcome.
Polymarket users who bet on when Michael Saylor’s Strategy would sell Bitcoin are in dispute with the prediction market platform over the timing and disclosure of the company’s recent sale.
More than $80 million has been wagered on whether Strategy would sell Bitcoin (BTC) by May 31, with users able to buy odds on “Yes” or “No.”
Strategy said in a regulatory filing that it sold 32 Bitcoin (BTC) between May 26 and May 31, but the disclosure of the sale was made on Monday, June 1, leading the market to resolve to “No,” causing confusion among users.
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