Overstock.com is an online retailer that sells a wide range of goods. At its origins, it was a platform for selling the surplus of electronic goods or those which had been returned, but it then started to offer new products, which have attracted more of the public. The platform was founded in 1999 by Patrick Byrne, who is the current CEO of the company. The company is headquartered in the USA. In 2014, it became the first major retailer to start accepting Bitcoin as a form of payment. By 2017, the company had launched the Medici Ventures department, specializing on blockchain and its technologies, while also entering into a partnership with an exchange platform so that they can allow their customers purchase items with over 40 other kinds of virtual currencies. Overstock donates 4% of its Bitcoin revenue to various foundations involved in advocating for the use of cryptocurrency.
Overstock’s shares are up 8% following the announcement of record activity on its tZERO security token exchange.
Wall Street’s Digital Token Broker tZERO Posts Record Growth
Less than three months after its ‘digital dividend’ airdrop, Overstock’s OSTKO is dominating the security token rankings for both market cap and volume.
Overstock's 'Digital Dividend' Dominates Security Token Rankings
Overstock CEO Jonathan Johnson said that immunity passports to prove lack of coronavirus infection may push blockchain technology out of Bitcoin’s shadow.
Immunity Passports May Be Blockchain's Killer App, Says Overstock CEO
Overstock has successfully distributed its controversial ‘digital dividend’ security token airdrop.
Overstock Airdrops 4.37m Security Tokens to Shareholders
Overstock is seeking the dismissal of a lawsuit accusing the firm of market manipulation and issuing misleading information regarding tZERO.
Overstock Wants Lawsuit Nixed Ahead of Security Token Distribution
Despite a nearly double-digit retraction in the combined capitalization of the security token sector, real estate tokens gain over 4% during April.
Tokenized Real Estate Booms While Security Tokens Struggle
Overstock’s blockchain arm tZERO aims to launch a broker dealer service in the United States by the second quarter of 2020.
Overstock’s tZERO to Launch Broker Dealer in US by Q2