Strategy's Bitcoin Sale Timing Throws $50 Million Polymarket Bet Into Dispute
Strategy (formerly MicroStrategy) said it sold 32 BTC for $2.5 million between May 26 and May 31, its first Bitcoin sale since 2022. That announcement triggered a dispute on a Polymarket contract asking whether the company would sell Bitcoin by May 31. The market has seen more than $50 million in volume and is now under final review after two “No” resolutions were challenged. The controversy centers on timing: the sale appears to have occurred within the contract window, but confirmation came after the market’s deadline, leading some users to argue the rules should hinge on when the sale happened, not when it was disclosed. The dispute now goes to UMA tokenholders for final resolution. Polymarket has said outside confirmation after the deadline does not count. Other Strategy sale markets for June 30 and December 31 already resolved “Yes” without dispute.
