As the crypto market’s prolonged slide continues, bitcoin holders are feeling the pain. The Bitcoin Foundation editorial team looks at how falling BTC▼$63,282.00 prices have impacted Strategy’s balance sheet.
Strategy, the largest corporate holder of bitcoin, is facing record paper losses. According to The Kobeissi Letter, the unrealized loss stands at approximately $10.8B—about 17% of the asset’s average purchase price.
Hot topic: Bitcoin Price Falls Back to 2024 Levels, Here’s Why Bitcoin Is Going Down
As bitcoin dropped to $63K, the market value of the company’s 843,706 BTC portfolio has shrunk significantly. Over the same period, the S&P 500 has risen 116%.
Strategy co-founder Michael Saylor linked the current decline not to fundamental issues with bitcoin but to a rotation of capital into artificial intelligence.
Not everyone shares his optimism. Crypto skeptic Peter Schiff has predicted that bitcoin could fall below $20,000.
Read more: How to Earn Yield on Bitcoin — Top BTCFi Strategies 2026
Polymarket Rules Strategy Sale Bet a “No” — And Crypto Traders Are Furious Again
Polymarket has finalized its “No” resolution on whether Strategy sold bitcoin before May 31. The decision was made through a vote by UMA token holders, with 98.6% supporting “No.” The final vote came after the platform had already resolved the market as “No” twice, each time following an appeal.
This came despite Strategy disclosing that it sold 32 BTC, worth about $2.5B, between May 26 and May 31—its first sale since December 2022.
Traders who bet “Yes” argue that the transaction occurred within the stated timeframe. But Polymarket added a clarification:
“Confirmation received outside the market’s time frame is not counted.”
The dispute has triggered widespread outrage. A trader under the handle willo2 claimed to have lost $500K buying “Yes” tokens. Another user, 0xDinosaur, bought nearly 50K “Yes” shares for about 35,000 USDC▲$0.9996 and filed a formal dispute notice with the platform. Hashtags like #PolyScam are circulating, with calls for a class-action lawsuit.
Learn more: What Is Polymarket? The Beginner’s Guide to the Prediction Market Everyone Is Talking About in 2026
