Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt

Medici Ventures has completed an $8 million equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm. Medici’s latest investment will help it chase market opportunities around the adoption of digital currencies in developing countries, the Overstock subsidiary said in an announcement Wednesday. “Bitt’s pioneering work in the central bank digital […]

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Overstock Wants to Trade Traditional Stocks on tZERO Crypto App

Overstock’s tZERO is seeking regulatory approval to trade blockchain-based securities and traditional stocks on its bitcoin exchange app, tZERO Crypto. Announced during the online retail giant’s Q1 earnings call Thursday, the plan would grant tZERO Crypto’s users access to cryptocurrency, security token and traditional stock trading on a single platform, a regulatory feat none have […]

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Overstock Is Set to Finally Pay Out Its Digital Security Shareholder Dividend

Overstock.com is planning to distribute its long-delayed “digital security” shareholder dividend on May 19. Shareholders will receive one Digital Voting Series A-1 Preferred Stock (OSTKO) for every 10 of the online retailer’s shares they hold on April 27, the record date, according to Overstock’s Tuesday press release. OSKTO is a “digitally enhanced security” that trades […]

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Overstock Hit By Two More SEC Subpoenas in December

Overstock, the bitcoin-friendly retail company and the parent of security token marketplace tZERO, was subpoenaed twice by the Securities and Exchange Commission (SEC) at the end of last year. As disclosed in Overstock’s annual report filed with the SEC on March 13, the company received the fresh subpoenas in December. Those came after one filed […]

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