TechFlow News, June 2. According to a report by The Block, Strategy disclosed in an SEC filing that it sold 32 BTC between May 26 and May 31, generating approximately $2.5 million in proceeds to pay dividends on its preferred stock. This marks the company’s first Bitcoin sale since December 2022. The disclosure has sparked controversy in a Polymarket prediction market with over $20 million in trading volume—this market had been betting on whether Strategy would sell Bitcoin before May 31. The crux of the dispute lies in differing interpretations: “Yes” proponents argue the sale occurred before the deadline; “No” proponents contend the information was not publicly disclosed until after the market had closed and therefore should not count.
The market is now in its final adjudication phase. Polymarket clarified that “results confirmed outside the deadline will not be recognized,” leaning toward the “No” side. If the dispute escalates further, it will be resolved by a vote among UMA token holders. However, prior reports have indicated that UMA voting power is highly concentrated, with over 60% of active voters linked to Polymarket accounts—raising concerns about impartiality.
