Tagged: overstock

Shares in Overstock Rocket Higher Following Upbeat Report on Blockchain Progress

Shares in Overstock (NASDAQ:OSTK) moved higher today following a much anticipated Q2 earnings call yesterday after market close that provided not only operational guidance but added perspective on the emerging blockchain based segment of the business. In an extended call, Overstock founder Patrick Byrne shed… Read More

Overstock Reports Q2 Earnings, Provides Update on Blockchain Initiatives including tZero: “Security Tokens are an Innovation of Historic Proportions”

Overstock (NASDAQ:OSTK) reported financial results for the quarter ended June 30, 2018 today. Top line numbers included $483.1 million in revenue a 12% increase versus same quarter last year. Gross profit increased by 9% to $91.7. Overall, performance came in as follows: Gross margin: 19.0% vs…. Read More

tZero Gets Unicorn Status as GSR Capital Invests at $1.5 Billion Valuation, Security Token Raises $134 Million

tZero has announced a significant investment from GSR Capital. The VC has backed tZero with a term sheet to invest up to $270 million at a valuation of $1.5 billion post money. At the same time, tZero has shared that its just completed security token… Read More

Last Day: tZERO STO Closes Tonight

tZEROs ongoing security token offering (STO) will close tonight at 11:59PM, according to the company. The Overstock (NASDAQ:OSTK) subsidiary said there will be no extension to the offering. At the end of June, tZero had announced an extension of the offering which is hosted on StartEngine…. Read More

Overstock Subsidiary Medici Land Signs MOU with Zambia for Blockchain based Land Management

Medici Land Governance, a subsidiary of Overstock (NASDAQ:OSTK) has signed a Memorandum of Understanding (MOU) with the government of Zambia. The agreement is for Medici to provide a land governance program that collects and secures property ownership information using blockchain. The MOU was signed by Trevor Kaunda,… Read More

tZero Extends Security Token Offering Until August 6th

tZero, a subsidiary of Overstock (NASDAQ:OSTK) has extended its ongoing security token offering for individual investors until August 6, 2018. The announcement was shared in an email signed by tZero CEO Saum Noursalehi. tZero indicated the move to extend the offering was due to ongoing… Read More

Overstock: Medici Ventures Blockchain Portfolio Company Bitt Appoints Brian Popelka as President

Medici Ventures, part of Overstock (NASDAQ:OSTK), has announced that portfolio company Bitt has appointed  Brian Popelka as President of the Fintech firm. Bitt is based in Barbados and is developing a digital currency ecosystem that seeks to provide a decentralized banking and payment platform. Bitt’s mMoney digital… Read More

tZERO Signs Letter of Intent With GSR Capital For $160 Million Security Token Investment

tZERO announced on Friday it is signing a letter of intent with Hong Kong-based private equity firm GSR Capital to participate in tZERO’s Security Token Offering (STO). According to tZERO, in accordance with the letter of intent, GSR Capital will purchase $160 million in tZERO… Read More

Retailers Will Drive the Adoption of Cryptocurrency, Not The Other Way Around

When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More

tZero & BOX to Partner on “First Security Token Exchange”

Overstock (NASDAQ:OSTK) subsidiary tZERO and BOX Digital Markets LLC are partnering to launch the industry’s “first regulated security token exchange.” tZero was the first crypto focused platform to receive regulatory approval to operate an Alternative Trading System (ATS) – thus enabling the company to trade… Read More

Overstock Results: Revenue Up 3%. Reports Pre-Tax Loss of $54.7 Million

Overstock (NASDAQ:OSTK) has reported financial results for the first quarter ending March 31, 2018. According to the numbers, Overstock revenue: increased from the prior year quarter $445.3M vs. $432.4M (3% increase). Overstock reported the following Key Q1 2018 metrics comparing numbers to Q1 of 2017:… Read More

Overstock / tZero Shuffles Executive Roles as Saum Noursalehi Becomes CEO of ICO Platform

In a letter to shareholders Overstock (NASDAQ:OSTK) founder and CEO Patrick Byrne announced a significant management shuffle of executives at both tZero and Overstock. The corporate change is described as intending to accelerate growth at tZero – overstock’s emerging initial coin offering platform for securities on… Read More

Overstock to Hold Annual Shareholders Meeting on May 9th

Overstock (NASDAQ:OSTK) has scheduled its annual shareholders meeting for May 9th beginning at 1PM MT. The meeting will be webcast live so if you are not a shareholder you may still watch all of the proceedings. Typically, annual shareholder’s meetings are routine events with little… Read More

Life Line: Overstock Backs Elio Motors with $2.5 Million Share Purchase, Elio to Issue Security Token

Elio Motors (OTCQX:ELIO) has received a much needed investment from Overstock.com. According to a public release, Overstock has agreed to purchase $2.5 million in Elio equity at a price of $2.75 per share. Simultaneously, Elio Motors announced its intent to do an initial coin offering… Read More

tZero Says it is Meeting with SEC & 40 Regulators to Discuss Initial Coin Offering Regulations

Joe Cammarata, President of tZero, was visiting with Security Token Academy last week when he made an interesting comment. Cammarata said he was scheduled to meet with the Securities and Exchange Commission in Washington, DC this week to discuss regulation of tokenized securities. The transcript is… Read More

tZero Trading Software will be Ready to Trade Security Tokens in May

  tZero, the ambitious blockchain based startup launched by Overstock, says its platform is pretty much ready to go. In fact the token trading platform should be ready to trade digital assets this May. tZero and Overstock CEO Patrick Byrne explained what has been accomplished… Read More

Overstock to Issue More Shares, May Issue Securities Digitally using tZero

Overstock(NASDAQ:OSTK) intends to offer 4,000,000 shares of its common stock in an underwritten public offering. Overstock also expects to grant to the underwriters a 30-day option to purchase up to 600,000 additional shares of its common stock in the offering. The public offering will be made… Read More

Overstock Earnings Report; Shares Drop on News but Insight Shared into tZero & Blockchain Future

Overstock.com (NASDAQ:OSTK) posted earnings today sharing full year 2017 numbers of revenue of $1.7 billion (-3% growth) and a pre-tax loss of ($47.7) million. Q4 did not help as revenue declined by $456 million with a pre-loss of ($24.9 million). Shares dropped following the news but for many individuals… Read More

Initial Coin Offering Attorneys Beware, You Could Be Next!

Following the SEC’s recent initial subpoena offerings (pun intended) targeting initial coin offering (ICO) issuers, many believe the SEC might now turn its sights toward some of the gatekeepers involved in the subject ICOs, including the attorneys. Some attorneys practicing in the ICO space have… Read More

Overstock’s Blockchain Sub Medici Ventures Boosts Ownership of Bitt.com Digital Payment Provider

Overstock (NASDAQ:OSTK) is moving things around once again by boosting its ownership in Bitt.com, a Blockchain based payments platform that is based in Barbados. The move was orchestrated by Medici Ventures, Overstock’s Blockchain subsidiary, and it was part of an option that was exercised to invest… Read More