Polymarket’s UMA vote upholds ‘No’ outcome on Strategy bitcoin sale market despite backlash
The Block·
60-second summary
Polymarket's UMA vote upholds the 'No' outcome on Strategy's bitcoin sale market despite backlash, with 51,111 votes against and 20,489 votes for. The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31, sparking concerns about market manipulation and transparency. Market implications are uncertain for decentralized finance (DeFi) platforms.
The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31.