Post #3129187

2026-06-05 21:19 UTC

In Buttcoin related news, apparently Michael J. Saylor has sold some of his bitcoins because he was running out of money and we reached sub 60k.

Replies (2)

@sailor_sega_saturn@awful.systems 2026-06-06 16:53

There’s some polymarket drama around this where people were betting if Microstrategy would sell any bitcoin before June based on onchain data or credible reporting yadda yadda. And indeed Microstrategy sold some bitcoin before June and this was credibly reported on. So of course in the grand tradition of cryptocurrency prediction markets Polymarket resolved the bet to “no”. It’s hard to find any good reporting about this, but here’s the perspective of someone who lost 500k on this bet: xcancel.com/willo2_poly/…/2061640812132516321

Open ##3145986
@V0ldek@awful.systems 2026-06-06 18:18

Huh, interesting, when the price was close to 100K I saw roughly eighty-six hundred headlines about it everywhere. But it lost almost half of that and it didn’t make the news? Huh. I wonder how that works.

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