Although MicroStrategy later confirmed that it had sold Bitcoin during the designated period, a contentious Polymarket prediction market that answered a question on whether MicroStrategy will sell Bitcoin as "No" has caused backlash.

The dispute revolves around a prediction market that saw trade volume of almost $400 million. Although MicroStrategy sold 32 Bitcoin for about $2.5 million between May 26 and May 31, 2026, according to its June 1 SEC filing, the market finally decided against traders who wagered that a transaction would take place.

Within the cryptocurrency world, the decision has sparked a heated controversy. While supporters maintain that Polymarket merely adhered to its stated regulations, detractors contend that the result is incompatible with reality.

• MicroStrategy Confirmed Sale of 32 Bitcoin in SEC Filing
• Why Polymarket Resolved the Market as 'No'?
• UMA Token Holders Backed the 'No' Outcome
• Crypto Community Erupts Over Resolution Controversy

MicroStrategy Confirmed Sale of 32 Bitcoin in SEC Filing

The dispute started when MicroStrategy revealed in an SEC filing on June 1 that it had sold 32 Bitcoin between May 26 and May 31, earning around $2.5 million.

Given MicroStrategy's standing as one of the biggest corporate Bitcoin holders, the transaction was noteworthy because it was the company's first Bitcoin sale since 2022.

The filing would seem to resolve any disagreement regarding the existence of a sale under typical conditions. The transaction took place inside the precise time frame that the prediction market covered, according to the organisation itself.

However, the crucial factor that ultimately determined the market's outcome was the timing of that disclosure.