Strategy (MSTR) has amassed more than half a million Bitcoin under Michael Saylor’s famous “never-sell” pledge, but a recent 8-K hinted the firm could liquidate coins if market or debt conditions sour. Will any of those BTC actually leave the treasury before the year is out?

Market dates

• Market Period: From publication through December 31 2025 at 11:59 PM EDT
• Market Closing: December 31 2025 at 11:59 PM EDT
• Resolution Deadline: The outcome will be determined after market closing, or sooner if definitive information becomes available

Yes/No criteria

• Resolves Yes if Strategy (MSTR) publicly reports—via an SEC 8-K filing or another official announcement—any Bitcoin sale executed during the Market Period, regardless of intent (planned or forced)
• Resolves No if no such sale is reported within the Market Period

Resolution

This market resolves based on SEC 8-K filings or other official announcements published by Strategy (MSTR) announcing bitcoin sales made during the Market Period.

For clarity, any Strategy announcement or SEC filing published after the Resolution Deadline will not count toward this market’s resolution, even if it confirms Bitcoin sales made during the Market Period.

If contradictory information appears, SEC filings take precedence over other sources.

Cancellation conditions

The market will be canceled if:

1. No authoritative source (e.g., SEC filings) is available, or the information is ambiguous
2. A corporate action (merger, ticker change, trading halt, etc.) makes resolution impossible or irrelevant

In the event of cancellation, participants may claim their stakes at the market value of their open positions at the time of cancellation. This could result in a profit or a loss, depending on the price of their outstanding shares.