Overstock

Overstock.com, Inc. is an American internet retailer headquartered in Midvale, Utah, near Salt Lake City. Patrick M. Byrne founded the company in 1997 and launched the company in May 1999.

On January 9, 2014, Overstock.com became the first major retailer to start accepting bitcoin as payments for its goods. In the first 22 hours, they received over 800 orders worth US $126,000 in bitcoin. This represents a 4.33% increase in sales from their normal income of $3 million per day.

On August 2018, it was reported that Overstock.com shares increased 17% after a “major Chinese equity firm agreed to invest in tZERO, the blockchain subsidiary vying to reshape the investment world through a SEC-regulated alternative trading system (ATS).” tZero is an Overstock.com blockchain subsidiary.

Blockchain ETF Goes Live on London Stock Exchange to Help Generate ‘Real Earnings’ from the Tech
March 12th, 2019

Investment management company Invesco based in the United States has launched the first blockchain exchange-traded fund (ETF) on the London Stock Exchange.

Much-anticipated Overstock’s Security Token Trading Platform tZERO Goes Live
January 25th, 2019

Now accredited investors can trade tZERO security tokens through a digital securities brokerage account at Dinosaur Financial Group, LLC, which will act as the introducing broker-dealer. 

Overstock’s Long-Awaited Security Token Trading Platform tZERO Goes Live This Week
January 21st, 2019

Overstock’s tZERO security trading platform, which was announced back in 2014, is set to go live by the end of this week, according to the company’s chief executive Patrick Byrne, a longstanding cryptocurrency supporter.

Overstock’s tZERO Starts Giving Investors Control Over Its Security Tokens
January 11th, 2019

The security token exchange subsidiary of e-commerce retail giant Overstock, tZero, has started distributing control of its tokens, according to a letter to investors released on Jan. 11.

Digital Retail Giant Overstock Set to Use Bitcoin for Tax Payments in 2019 Already
January 4th, 2019

Overstock will use Bitcoin to cover its Ohio commercial activity taxes in February 2019, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com.

Overstock’s Investment Wing Taps Into Digital Tokens to Acquire Shares from Security Startup
December 19th, 2018

Overstock’s Medici Ventures trade shares from a security start-up with digital tokens planning a security token marketplace in January 2019.

GSR Capital Hires Overstock’s tZERO to Tokenize $200M Worth of Cobalt Reserves in 2019
December 18th, 2018

A subsidiary of Overstock, tZERO, has announced that they are hired by GSR Capital, a private equity company, in order to develop a new crypto token which will be used specifically for trading cobalt. The deal is to be closed by February 2019.

Crypto Bull Jim Breyer: Crypto ‘Nuclear Winter’ is Just Short-term Market Movement
December 5th, 2018

Billionaire investor and venture capitalist Jim Breyer still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements.

Overstock CEO: Blockchain Revolution is Going to Restructure Society
November 28th, 2018

Overstock founder Patrick Byrne is now going away from retail to concentrate completely on blockchain, even despite the recent collapse on the cryptocurrency market.

Bitcoin Shopping May be Closer than We Think
November 20th, 2018

Baran Giresunluoglu, professional investor and stock trader, shares his clues to Bitcoin shopping, which he thinks could be even closer than we think.