View full page at cryptocraft.com

 

Strategy Bitcoin Sale Sparks $20 Million Polymarket Dispute

From financefeeds.com

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 holdings ... (full story)

Story Stats

  • Posted:
  • Category: Entertainment News