Michael Saylor's Bitcoin Sale Sparks Lawsuit Against Prediction Market Platform Polymarket

On June 1, Strategy (formerly MicroStrategy), led by Michael Saylor, sold 32 Bitcoins for approximately $2.5 million—the first such sale since 2022—causing volatility in crypto markets and triggering a lawsuit against prediction market platform Polymarket. Traders William Wood and Thomas Bush filed the suit alleging deceptive practices after Polymarket resolved a contract as 'No' despite Strategy's Bitcoin sale.

By Anand Sinha Tue, July 7, 2026 at 7:50 PM GMT+3 2 min read · Yahoo Finance · July 7, 2026, 16:50 UTC

Tickers: $MSTR

Topics: Bitcoin lawsuit Michael Saylor MicroStrategy Polymarket

Read the full article at Yahoo Finance

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