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Michael Saylor's Strategy sells $2.5 million bitcoin. Chaos ensues in a major prediction market over who gets paid
The 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on June 1. Polymarket's May 31 contract is sitting at 81% Yes and in review, while bettors argue over whether the onchain transactions or the filing date controls.
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coindesk.com
MSTR News: Michael Saylor's Strategy sold 32 bitcoin for $2.5 million in late May
The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.
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theblock.co
Michael Saylor's Strategy sells 32 bitcoin for $2.5 million as total holdings drop to 843,706 BTC
Strategy's remaining holdings still account for more than 4% of the 21 million bitcoin supply cap — worth around $61 billion.
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cnbc.com
Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022
Michael Saylor's Strategy sold bitcoin for the second time ever as geopolitical uncertainty continues to weigh on the cryptocurrency's price.
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Michael Saylor's Strategy sells $2.5 million bitcoin. Chaos ensues in a major prediction market over who gets paid
The 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on June 1. Polymarket's May 31 contract is sitting at 81% Yes and…
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news.bitcoin.com
Saylor Breaks Silence After Strategy’s Bitcoin Sale
Michael Saylor broke his silence after the market learned of Strategy’s 32 BTC sale and its $2.5 million in proceeds. His focus on STRC raised fresh
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Strategy news: Strategy’s bitcoin sale triggers fierce debate over Michael Saylor’s true commitment
The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.
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Strategy bitcoin sale timing throws wrench into $20 million Polymarket pool
A Polymarket pool asking whether Strategy would sell any of its bitcoin before May 31 had drawn more than $20 million in trading volume.
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Strategy's $2.5 million BTC sale and lessons from the first time MSTR sold in December 2022
Strategy's last sale preceded a massive buying spree, but the company and the market look very different today.
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decrypt.co
Strategy's Bitcoin Sale Timing Throws $50 Million Polymarket Bet Into Dispute - Decrypt
Polymarket users are waiting for a resolution on whether Strategy's Bitcoin sale took place before the end of May—with over $50 million bet so far.
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qz.com
Strategy sells bitcoin for first time since 2022
The bitcoin-hoarding firm founded by Michael Saylor sold 32 coins last week for $2.5 million to fund distributions on its preferred stock
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economictimes.indiatimes.com
Is Michael Saylor’s Strategy changing its Bitcoin playbook? MSTR sells $2.5 million of BTC for the first time since 2022 - here's why
Michael Saylor's Strategy Bitcoin (BTC USD) sale: Michael Saylor's publicly traded Strategy sells Bitcoin for the first time since 2022, raising $2.5 million to fund preferred…
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cointelegraph.com
Strategy’s Bitcoin Sale Sparks Polymarket Dispute
Polymarket users are in dispute with the platform over a market for whether Strategy would sell Bitcoin by May 31, after the company confirmed on June 1 that it made a sale in…
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Strategy (MSTR) sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts.
A $79 million market hinges not on whether Michael Saylor's firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.