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Bitcoin Sale Timing Sparks $50M Dispute

Strategy’s Bitcoin Sale Timing Sparks $50 Million Market Dispute

  • Strategy sold off a portion of its Bitcoin holdings for the first time since 2022.
  • The sale of 32 BTC worth $2.5 million occurred between May 26 and May 31.
  • The announcement was made on June 1, causing a dispute on Polymarket over the resolution date.
  • The market dispute involves over $50 million in trading volume and is under review by UMA tokenholders.
  • Currently, the market stands at a resolution favoring “No” by a margin of 99.9%.

Source

Strategy’s timing in announcing its Bitcoin sale has led to significant disputes among traders on Polymarket, with UMA tokenholders set to determine the final outcome due to conflicting interpretations of the market rules.

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