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Michael Saylor’s Strategy disclosed its first bitcoin sale on Monday, but the timing of the transaction has sparked a major resolution dispute on Polymarket, with roughly $15 million in bets now hanging in the balance. The company sold 32 bitcoin between May 26 and May 31, according to an 8-K filing released on June 1,…
Michael Hubbard doesn’t mince words about the future of digital asset treasuries. The SOL Strategies interim CEO believes most crypto treasury companies are built on hype rather than sustainable business models, and staking ETFs will soon make them obsolete. “Our thesis is that there’s no sustainable market for digital asset treasuries,” Hubbard told reporters this…
