Resolution Criteria

This market resolves YES if Strategy (formerly MicroStrategy) sells any amount of Bitcoin from its treasury holdings on or before December 31, 2026. Resolution will be determined by official SEC filings (8-K forms) or company announcements disclosing Bitcoin sales. The market resolves NO if no Bitcoin sales occur by the deadline. If the company is acquired or ceases operations before the deadline, the market resolves N/A.

Background

Strategy is the world's largest publicly traded holder of bitcoin, with Executive Chairman Michael Saylor leading the company's bitcoin accumulation strategy. As of late January 2026, the company holds 712,647 bitcoins acquired for approximately $54.19 billion at an average price of $76,037 per coin. Bitcoin's recent dip to around $75,500 briefly pushed the price below Strategy's average purchase cost, putting the company's position slightly underwater. However, Strategy's holdings are unencumbered with no forced selling risk or balance sheet stress.

Considerations

Strategy has consistently pursued a "Bitcoin Standard" strategy focused on accumulation rather than sales. Executive Chairman Michael Saylor has used social media posts like "More Orange" to signal upcoming Bitcoin acquisitions. While the company faces structural constraints on future buying due to stock trading below net asset value, there is no indication of an imminent shift toward selling Bitcoin holdings. Any sale would represent a significant strategic reversal.

This description was generated by AI.