Overstock To Issue Stock To Be Traded On Blockchain Platform

SAN FRANCISCO, March 31 (Reuters) – Online retailer Inc ( OSTK. ) reported a fourth-quarter revenue as sales jumped, reversing a yr-earlier loss and sending its shares up 23 percent.

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Overstock has also introduced a $3.48 billion lawsuit in opposition to main U.S. brokerages, together with Citigroup Inc ( C.N ) and Morgan Stanley ( MS.N ), alleging they schemed to drive down the value of the company’s stock. Do you agree that Overstock’s head begin in the Bitcoin market has given them an edge over rivals? Do you suppose extra retailers should settle for digital currencies? Will the value of Bitcoin rise further? Let us know your thoughts within the comments under. We simply introduced it right now. How the factor would be arrange, how much, what class of shares, how they will be traded – that info is coming very soon,” he added. Get savvy with these summer time financial savings at Overstock! Shop this sale and save as much as eighty five{6801aa0d93c4bebbbcadbe18f87c7ff0a9f00a504367b6bb7866def1f1f9d794} on outside decor and lighting, patio furnishings, umbrellas and shades, grills and outside cooking, gardening objects, and extra! Eventually more retailers will catch on & use this technique. Eventually, central banks & nation states will as nicely.

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