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Polymarket keeps 'no' on Strategy Bitcoin sale as market debate widens

Polymarket keeps 'no' on Strategy Bitcoin sale as market debate widens

Grayscale said Strategy’s disclosed 32 BTC sale was one factor in recent volatility as Bitcoin fell below JPY 10 million and traded near $62,000 on June 4.

BTC

Fact Check
Multiple credible primary sources confirm both core factual claims: Polymarket's contract resolved/stayed 'no' despite the SEC filing showing Strategy sold 32 BTC between May 26 and May 31. Cointelegraph confirms the 'no' resolution via UMA vote, while CoinDesk and The Block confirm the SEC filing details and the timing dispute. The characterization of this as the first sale in nearly four years aligns with CoinDesk noting it as Strategy's first disclosed net disposal.
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Summary

A Polymarket contract on whether Strategy sold Bitcoin by May 31 remained resolved to “no” even after SEC filings showed the company sold 32 BTC between May 26 and May 31, highlighting how prediction-market outcomes can depend on contract wording and proof standards rather than later disclosures alone. The roughly $2.5 million transaction, described in different accounts as Strategy’s first Bitcoin sale in nearly four years or its first since 2022, also intensified debate over corporate Bitcoin treasury models and the sector’s 'never sell' narrative. Grayscale Research said on June 4 that the sale, disclosed in a June 1 SEC 8-K filing, was one factor behind recent market volatility. Bitcoin fell below JPY 10 million for the first time in about three months around midday on June 4 and was trading near $62,000 at the time of writing. Blockstream CEO Adam Back and Anthony Pompliano argued the sale reflected Bitcoin liquidity and routine treasury management, while Jim Cramer said Michael Saylor “murdered Bitcoin.”

Terms & Concepts
  • Polymarket: A prediction market platform where users trade on the outcomes of real-world events.
  • prediction-market: A market structure in which contracts pay out based on whether a specified event occurs under predefined resolution rules.
  • liquidity: How easily an asset can be bought or sold without sharply moving its price.