Strategy disclosed selling 32 BTC before May 31; Polymarket-related market results sparked controversy
Strategy disclosed in a filing with the SEC that it sold 32 $BTC between May 26 and May 31 to fund preferred stock dividends.
This move directly impacted an event prediction on Polymarket with over $20 million in trading volume: "Will Strategy sell Bitcoin before May 31?" The outcome has been adjudicated as "No" (i.e., no sale) multiple times, yet Strategy's disclosure confirms the sale did occur before the deadline.
Participants in the event are divided: one side argues the actual transaction time should be decisive, while the other contends the publicly available information at the event's conclusion should govern. Polymarket subsequently added a note to the page stating, "Confirmations obtained outside the event's time frame will not be accepted," leaning toward upholding the "No" result. The event is currently in its final review stage.
