What seemed highly unlikely just yesterday is now official reality
MicroStrategy confirmed in its SEC 8-K filing the sale of 32 BTC - its first sale since Dec 2022
Holdings are now down to 843,706 BTC. That's only 0.0038% of its stack
Polymarket "MicroStrategy sell any Bitcoin by May 31, 2026" has already resolved as NO twice - and both times it was instantly disputed
Yes is currently trading at 69.4¢
According to the resolution criteria, there is a classic dilemma:
>Sale on-chain - all happened in May
>8-K filing credible media consensus - only on June 1
>The 8-K was filed under Strategy Inc (the company's current legal name), not MicroStrategy
What matters more: the actual blockchain transaction… or when the 8-K was officially filed?
Reminder: On the May 5 earnings call, Saylor said they "will probably sell some Bitcoin to fund a dividend just to inoculate the market"
Today we're seeing exactly that. No capitulation. Controlled treasury management.
JUST IN: First Transfer in Nearly 2 Years
MicroStrategy just transferred 411.48 BTC ($30.3 million)
According to on-chain trackers, the funds arrived at Coinbase Prime, but any further movement has not been officially confirmed
Historically, transfers like this were almost always for purchases
This time, however, traders are viewing the context as fundamentally different
During the Q1 2026 earnings call and in recent statements, Michael Saylor and CEO Phong Le said clearly:
"We'll probably sell some Bitcoin to fund a dividend just to inoculate the market - just to send the message that we did it."
They also confirmed the company would sell when it is accretive to Bitcoin per share or otherwise advantageous
Polymarket reacting instantly:
>May 31, jumped almost 4x today - from 11.7% to 38%
>June 30: 74%
>December 31: 91%
The May 31 odds will likely stay highly volatile and news-dependent in the next 48 hours, while the long-term narrative has clearly strengthened for June and December