Strategy's disclosure that it sold 32 bitcoin last week has complicated the resolution of a Polymarket pool that has drawn more than $20 million in trading volume.
The market asked whether Michael Saylor's bitcoin treasury company Strategy would sell any of its bitcoin holdings before May 31, which traders could take binary "Yes" or "No" positions on.
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, marking its first reported bitcoin sale since December 2022.
The disclosure sparked confusion and debate among the pool's traders.
Supporters of a "Yes" resolution point to Strategy's filing, which explicitly states that the sales took place before the deadline.
