Attenuated total reflectance-Fourier transform infrared (ATR-FTIR) measurements were conducted to analyze the electrochemical oxidation of CO dissolved in bulk electrolyte solution on a polycrystalline Pt electrode during linear sweep (cyclic) voltammetry (CV) in 1% and 100% CO-saturated 0.1 M HClO4. A CO adlayer was first formed on Pt at 0.05 V vs. the reversible hydrogen electrode (RHE) during CO bubbling in each electrolyte, followed by the CV measurement. In 1% CO-saturated 0.1 M HClO4, a well-developed prepeak was found, showing an onset and a peak at around 0.25–0.3 V and 0.42 V, respectively. A major contribution of bridge-bonded CO, CO(B), to the prepeak is concluded based on a decrease in the corresponding band intensity. In 100% CO-saturated 0.1 M HClO4, the onset of bulk CO oxidation takes place around 0.25–0.3 V, which is closely associated with a band intensity decrease of CO(B), whereas atop (linear) CO, CO(L), did not exhibit intensity change in this potential region. This suggests that vacant sites made available upon oxidation of CO(B) serve as active sites for bulk CO oxidation. The oxidation of CO(B) at such low potentials is interpreted in terms of an adsorption energy on Pt that is lower than that for CO(L) and also of the specific structure of an adlayer that consists of intermixed CO(L) and CO(B). The bulk CO oxidation becomes diffusion-limited by dissolved CO above ca. 0.72 V, where we observed hardly any infrared spectral features ascribed to reaction intermediates. During a negative-going scan back to 0.05 V from 1.2 V, a steep decrease of the bulk CO oxidation current takes place around 0.66 V, at which preferential adsorption of CO(L) is observed. A rigid CO(L) island formation is strongly suggested from its high CO stretching frequency vs. its very small initial coverage and from its subsequent dependence on potential, with a linear Stark shift characterized by a slope of −29 cm−1/V. Such an island formation is in marked contrast to the adlayer structure with intermixed CO(L) and CO(B) initially formed at 0.05 V during CO bubbling. It is concluded that the Pt surface saturated with the CO adlayer formed initially at 0.05 V exhibits a low overpotential for bulk CO oxidation owing to its adlayer structure with intermixed atop and bridge-bonded CO.