The model 1-DFT for the butterfly complex [{Pt(C^∧C*)(μ-pz)}₂] (1; HC^∧C* = 1-(4-(ethoxycarbonyl)phenyl)-3-methyl-1H-imidazol-2-ylidene) shows two minima in the potential energy surface of the ground state in acetone solution: the butterfly-wing-spreading molecules 1-s, (d_Pt–Pt ≈ 3.20 Å) and the wing-folding molecules 1-f (d_Pt–Pt ≤ 3.00 Å). Both minima are very close in energy (ΔG° = 1.7 kcal/mol) and are connected through a transition state, which lies only 1.9 kcal/mol above 1-s and 0.2 kcal/mol above 1-f. These very low barriers support a fast interconversion process, resembling a butterfly flapping, and the presence of both conformers in acetone solution. However, the 1-f ratio is so low that it is undetectable in the excitation and emission spectra of 1 in 2-MeTHF of diluted solutions (10^–5 M) at 77 K, while it is seen in more concentrated solutions (10^–3 M). In acetone solution, 1 undergoes a [2c, 2e] oxidation by CHX₃ (X = Cl, Br) in the sunlight to render the Pt₂(III,III) compounds [{Pt(C^∧C*)(μ-pz)X)}₂] (X = Cl (2-Cl), Br (2-Br)). In concentrated solutions, 1 can react with CHCl₃ under blue light to give 2-Cl and with CHBr₃ in the dark, the latter rendering the compound [BrPt(C^∧C*)(μ-pz)₂Pt(C^∧C*)CHBr₂] (3-Br) or mixtures of 2-Br and 3-Br if the reaction is performed under an argon atmosphere or in the air, respectively. Mechanistic studies showed that in concentrated solutions the oxidation processes follow a radical mechanism being the MMLCT-based species 1-f, those which trigger the reaction of 1 with CHBr₃ and CHCl₃. In the ground state (S_0f), it promotes the thermal oxidation of 1 by CHBr₃ and in the first singlet excited state (S_1f) the blue-light-driven photooxidation of 1 by CHCl₃. Complexes, 2-Cl, 2-Br, and 3-Br were selectively obtained and fully characterized, showing Pt–Pt distances (ca. 2.6 Å) shorter than that of the starting complex, 1. They are, together with the analogous [{Pt(C^∧C*)(μ-pz)I)}₂] and [IPt(C^∧C*)(μ-pz)₂Pt(C^∧C*)CHI₂], the only dinuclear metal–metal-bonded Pt^III(μ-pz)₂Pt^III compounds reported to date.