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this post was submitted on 31 May 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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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. For a quick non dutch source on the selling see this from r/buttcoin (last image). 32 bitcoin was enough to cause a crash. Imagine if Satoshis bitcoins ever moved.
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: https://xcancel.com/willo2_poly/status/2061640812132516321
Willo2 writes:
"I'm shocked, shocked! to find that gambling is going on in here"
Looks like Polymarket does, in fact, represent crypto values.
Lol, lmao even.
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.
It did make the Dutch news, the headline was something like 'bitcoin drops after biggest holder sells'.
I was very disappointed to learn they ment saylor, and not that Satoshi had returned and cashed out and crashed everything.