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Strategy Bitcoin Sale Sparks $20 Million Polymarket Dispute
Strategy’s disclosure that it sold 32 bitcoin last week has complicated the resolution of a Polymarket market that drew more than $20 million in trading volume. The market asked whether Michael Saylor’s bitcoin treasury company would sell any of its bitcoin holdings before May 31. Traders could take binary “Yes” or “No” positions on the outcome. On Monday, Strategy revealed in an SEC filing that it sold 32 BTC between May 26 and May 31 to help fund distributions on its preferred stock offerings. The company sold the bitcoin for approximately $2.5 million, making it the first reported sale from its bitcoin ... (full story)
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From decrypt.co | Jun 2, 2026
Bitcoin treasury giant Strategy said Monday morning that it sold off a portion of its BTC holdings for the first time since 2022—and the timing of that sale has prompted predictors on Polymarket to dispute the proposed resolution of a market that’s attracted more than $50 million in trading volume. The market in question—which asked predictors whether ...
From stocktwits.com | Jun 2, 2026
Bitcoin (BTC) fell about 4% to trade below $70,000 on Tuesday, as markets digested Strategy’s (MSTR) first cut to its Bitcoin holdings in more than three years. The company announced on Monday that it sold 32 BTC between May 26 and May 31, for an average of $77,135 per coin, or $2.5 million. This is the second time Strategy’s Bitcoin balance has decreased ...
From theblock.co | Jun 2, 2026
Defunct crypto exchange Mt. Gox moved a combined $739 million worth of bitcoin to two addresses early Tuesday, according to Arkham Intelligence data. Mt. Gox transferred 10,306 BTC, worth roughly $730.8 million, from its cold wallets to the unmarked address "14FE…c9eq" at around 4:47 a.m. UTC on Tuesday. It also moved 116.3 BTC to its hot wallet at the same ...
