Strategy Bitcoin Sale Sparks Dispute Over $80 Million Polymarket Prediction Market

A disagreement has emerged among Polymarket users following Strategy’s recent Bitcoin sale, with more than $80 million in wagers tied to the outcome of a prediction market focused on whether the company would sell Bitcoin before the end of May.

Polymarket Users Challenge Market Resolution

The prediction market asked participants to bet on whether Strategy would sell any Bitcoin by May 31. While the company later disclosed in a regulatory filing that it sold 32 BTC between May 26 and May 31, the announcement was not made public until June 1.

As a result, the market was resolved as “No,” based on Polymarket’s rules requiring confirmation within the specified timeframe. The decision triggered criticism from users who argued that the sale occurred before the deadline regardless of when it was disclosed.

Community Questions Platform Rules

Several traders expressed frustration, claiming the outcome favored technical interpretations over factual events. Polymarket responded by stating that no public confirmation, on-chain evidence, or credible reporting verified the sale during the market period.

Final Outcome Still Pending

A second dispute review is expected to conclude on Wednesday. If no further determination is made, the platform said the order book will be cleared.

The sale also marked a notable shift for Strategy. During its first-quarter earnings call, Executive Chairman Michael Saylor said selling a small amount of Bitcoin could help reassure markets and reduce panic around future transactions.

Following disclosure of the sale, Bitcoin briefly fell 2.7% to $70,115 before recovering to around $71,200.