Overstock will use Bitcoin to cover its Ohio commercial activity taxes in February 2019, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com.
Hong Kong-based equity firm GSR Capital has agreed to invest as much as $400 million in tZero and Overstock. After the announcement, Overstock shares soared by 21 percent in after-hours trading.
Speaking at the Money 20/20 conference on Tuesday, Overstock’s communications director, Judd Bagley, announced the company will commence trades on its blockchain platform this December.
Keystone Capital Corporation has announced a license agreement with Overstock’s subsidiary to use its blockchain trading technology for offering trading account and brokerage services to investors.