The sale of 32 bitcoin (BTC) by Michael Saylor’s Strategy (formerly Microstrategy) has led to a dispute among Polymarket users who’ve been betting on whether or not the company would sell any of its BTC by May 31, 2026.
A Securities and Exchange Commission filing revealed that Strategy sold the BTC (despite Saylor’s promises to never sell) between May 26 and May 31.
However, the firm’s Form 8-K wasn’t filed until June 1.
Before the filing was noted, the market had a proposed outcome of “No.” It then resolved to “No” again, after the original outcome was disputed.
Some UMA tokenholders in Discord attempted to justify the decision by pointing out that the announcement came after the market deadline, despite the market explicitly referring to when the sale occurs, not when it’s announced.
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Hahaha that's so funny
Incompetence or a rug pull?
No, that the cutoff date is exactly the ambiguous midline