Polymarket is facing investor frustration over its “No” proposal on the competitive Bitcoin (BTC) market. Strategy Inc, formerly MicroStrategy, confirmed the sale of 32 BTC in the window.
The market now rates “No” at 99.8 cents. Polymarket decided that the public confirmation arrived outside the deadline.
MicroStrategy Sale Triggers Polymarket Standoff
The strategy was disclosed in June 1 Form 8-K and wrote that has sold 32 BTC. The auction ran from May 26 to May 31 for about $2.5 million. Earnings will support the distribution of preferred stock at $77,135 per share.
This amount is equivalent to 0.0038% of Strategy’s 843,706 BTC treasury. However, the reservation was the trademark of the company first sale from December 2022. It broke the long story that Michael Saylor does not sell.
Experts have announced Strategic capital pressure tied to assets of about 15 billion dollars. A soon convertible credit buyback as well as draining money.
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Resolution depends on the Time of Disclosure
Polymarket’s “MicroStrategy sells every Bitcoin by May 31, 2026?” The event took $85 million in total volume. The May 31 quarter alone has $53.86 million in open positions.
On June 1, Polymarket said that there were no records of MSTR, those on the chain, or reliable reports that confirmed the sale of the window.
“A guarantee that is fulfilled outside the market time is not valid,” Polymarket showed.
Polymarkets are stable UMA oracle architecture. Repeated disputes escalate to UMA’s Data Verification Mechanism, where token holders vote within 48 to 96 hours.
A transaction of 32 BTC is less likely to move Bitcoin prices. However, more than $20 million in conflict-affected areas depends on whether the timing of disclosure or the timing of events moderates the outcome.
“This has made me lose a lot of faith in Polymarket.” It proved that they sold before the results were over. The announcement during the period does not match the current situation,” another user said.
A note Polymarket Faces Backlash Over MicroStrategy Bitcoin Sale Dispute appeared for the first time BeInCrypto.
