Polymarket Strategy Bitcoin dispute has now surpassed $80 million in wagers. The market asked whether Strategy would sell Bitcoin by May 31.
The company later disclosed that it sold 32 BTC worth roughly $2.5 million between May 26 and May 31. However, Polymarket moved to resolve the market as “No.”
Why? Because Strategy disclosed the sale on June 1, after the deadline.
Why the Polymarket Strategy Bitcoin dispute matters
Polymarket argued that confirmation achieved outside the market’s timeframe does not qualify for resolution. No information from Strategy, on‑chain data, or credible reporting confirmed a sale before the deadline expired.
Many users pushed back. One wrote that Polymarket should “trade truth, not technicalities.” Another said the outcome made them lose confidence in the platform. A third called the decision “unbelievable.”
Because two proposed resolutions have already been disputed, the final decision now falls to holders of the UMA token. This oracle system powers Polymarket’s market settlements. The review process can take up to two days.
Background and market impact
Strategy reported its first Bitcoin sale since 2022. The company still holds more than $60 billion worth of Bitcoin. Following the disclosure on June1, Bitcoin fell $2.570,815 within five hours.
Other Strategy‑related prediction markets (asking about sales by June 30 and Dec. 31) have already resolved to “Yes” without disputes.
For participants in the May 31 market, the outcome now depends on how UMA voters interpret timing of confirmation versus timing of the sale itself.
Polymarket noted that if no statement is issued by 12:00 a.m. UTC on Wednesday, the order book will be cleared.