PANews reported on June 2nd that, according to The Block, Strategy's disclosure of selling 32 bitcoins last week has sparked controversy in a prediction pool on the Polymarket platform with over $20 million in trading volume. The question on the market is: Will Strategy sell its bitcoin holdings before May 31st? Strategy disclosed in an SEC filing on Monday that it sold 32 bitcoins between May 26th and 31st for preferred stock dividend distributions, marking its first reported bitcoin sale since December 2022.
This disclosure sparked heated debate among market participants. Those supporting the "yes" view pointed to the document's clear indication that the sale occurred before the deadline; the other side argued that the information was not publicly available when the market closed, and therefore should be ruled "no" according to the rules. The market has been ruled "no" twice, but objections have been raised after each ruling, and it is currently under final review. Polymarket updated its page with a note stating "Confirmation outside the market timeframe is ineligible," seemingly supporting the "no" side. At the heart of this controversy is whether market predictions should be based on the actual time of the event or the time of the evidence's public disclosure.




