• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
patrick byrne departs but Overstock long on crypto

Investment Into Overstock’s Cryptocurrency Exchange Causes Share Price to Rocket

Melanie Kramer
by Melanie Kramer
7 years ago
·
Posted in News, Altcoin News, Companies, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Hong Kong-based GSR Capital is investing $160 million in Overstock’s cryptocurrency venture, the exchange tZERO. The news immediately hiked Overstock’s share price by 12.5 .percent.


Through its tZERO exchange, a majority-owned subsidiary, Overstock plans to bring “efficiency and transparency” to capital markets. tZERO’s recent joint venture agreement with BOX digital markets will create what Overstock hopes is the first regulated security token exchange.

Letter of Intent

tZERO is currently running a Security Token Offering (STO) to fund the project. GSR Capital’s planned investment, in the form of a letter of intent, to purchase $160 million worth of tZERO tokens, has led to tZERO extending the private funding round of its STO to August 6th, 2018. tZERO tokens are currently available in the private sale at $10.00 per token.

According to a news release by Overstock 1,000 buyers from 30 countries are investing in the token sale. Patrick Byrne, Overstock.com Founder and CEO, and Executive Chairman of tZERO reached out to the private investors:

I want to thank our strategic investors again for their continued support, as well as the tZERO team for their ingenuity in making a preferred equity security token possible.

Overstock CEO Patrick Byrne - It's About Time The World Switches to Real Money Either Bitcoin or Gold

World-Shaking Potential of Blockchain

Byrne has long been a proponent of cryptocurrency – the Overstock website was one of the first major retailers to accept Bitcoin as a means of payment.

Years ago we saw the world-shaking potential of blockchain, and since then we have been methodical in building tZERO into a company that will bring great efficiency and transparency to capital markets domestically and abroad.

GSR Capital is a venture capital firm focused on early-stage technology companies with offices in Beijing, Hong Kong, and the USA. In March 2018, Reuters reports revealed GSR would be investing $500 million in the Swedish electric car maker National Electric Vehicle Sweden (NEVS).

The investment in tZERO will not provide GSR capital with company equity or voting rights but will give GSR Capital dividends accumulated from capital appreciation of the tZERO token. In the deal, 10% of tZERO’s adjusted gross revenue from the tZERO exchange will be paid to token holders on a quarterly basis.

Reports by NASDAQ indicate Overstock shares, under the ticker OSTK, rose more than 12.5% on Friday 29th June 2018, before falling back 0.5 percent at the end of the trading day.

Overstock shares fell in March after reports of U.S Securities and Exchange Commission (SEC) investigations into the tZERO token offering. Though not unusual considering the U.S SEC’s increased focus on cryptocurrency companies and ICOs.

Do you think the move by GSR Capital indicates regained confidence in Overstock’s cryptocurrency ventures?


Images courtesy of Rutgers.edu, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Melanie Kramer

Melanie Kramer

Follow

Full Profile

Related Posts

Shiba Inu

Shiba Inu Investor Fumbles $882 Million Bag – Here’s Why It Slipped Away

2 hours ago
Injective Launches Strategic Council With Google Cloud And Deutsche Telekom – Driving Web3 Expansion

Injective Launches Strategic Council With Google Cloud And Deutsche Telekom

8 hours ago
비트코인 불

BTC 불 토큰 출시…신규 코인 급등 전망

1 day ago
Tether

Tether Stashes $8 Billion In Swiss Gold Vault – Here’s Why

2 days ago
Trump

Trump Vs. Musk Gets Ugly—Could Crypto Take A Hit In The Crossfire?

4 days ago
Ethereum

Ethereum ETF Inflows Remain Green Despite Price Struggles – Here Are The Numbers

6 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Start Bitcoin Mining Machines with “King of...

    1 hour ago
  • DL Mining Launches Free Mining: Bitcoin, Dogecoin and...

    3 hours ago
  • Earn $4371 a day! ETH Launches Dogecoin Miner Guide: Zero...

    7 hours ago
  • Unlock Free Bitcoin & Dogecoin Profits: Top 10 Safe...

    8 hours ago
  • Why SpacePay Might Spark the Next Crypto Payments Revolution During Its Viral Presale

    Why SpacePay Might Spark the Next Crypto Payments...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.