August 9, 2018 @ 5:52 pm By JD Alois  |  

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

August 9, 2018 @ 4:26 pm By JD Alois  |  

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

August 6, 2018 @ 3:42 pm By JD Alois  |  

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

July 31, 2018 @ 9:56 am By JD Alois  |  

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

July 19, 2018 @ 3:40 pm By JD Alois  |  

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

July 17, 2018 @ 8:30 am By JD Alois  |  

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

June 29, 2018 @ 10:13 am By Samantha Hurst  |  

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

June 1, 2018 @ 8:26 am By Clayton Moore  |  

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

May 22, 2018 @ 9:39 am By JD Alois  |  

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

May 8, 2018 @ 5:09 pm By JD Alois  |  

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

May 7, 2018 @ 7:30 am By JD Alois  |  

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

April 30, 2018 @ 5:08 pm By JD Alois  |  

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

April 24, 2018 @ 10:30 am By JD Alois  |  

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

April 18, 2018 @ 5:58 pm By JD Alois  |  

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

April 11, 2018 @ 10:59 am By JD Alois  |  

  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

March 26, 2018 @ 4:41 pm By JD Alois  |  

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

March 15, 2018 @ 7:22 pm By JD Alois  |  

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

March 12, 2018 @ 12:40 pm By Anthony Zeoli  |  

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

March 8, 2018 @ 9:29 am By JD Alois  |  

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

March 1, 2018 @ 5:17 pm By JD Alois  |  

Buried within the tZero Offering Memorandum for its ongoing initial coin offering were several interesting items of note. The first was the fact the SEC was in the process of reviewing the offering. Another interesting bit of information was the fact tZero has acquired a… Read More