Strategy Bitcoin Sale Triggers Polymarket Dispute; Trader Loses $527K

Strategy disclosed the sale of 32 BTC, valued at roughly $2.47 million, prompting immediate attention across crypto-related prediction markets.

Following the announcement, trader “willo2” noted that Polymarket was still pricing an 80% probability that MicroStrategy would sell Bitcoin before May 31. Interpreting this as an opportunity, he opened a significant YES position totaling $527,000.

However, Polymarket later clarified that any confirmation occurring outside the market’s specified timeframe does not satisfy its resolution rules. Following this update, the market shifted toward a NO outcome, resulting in the trader’s position being fully wiped out.

Source: Lookonchain