Overstock.com is best known as an online discount retailer, but it also has a wholly owned subsidiary that invests in crypto and blockchain.
Does Overstock still own tZERO?
Online retailer Overstock owns approximately 55% of tZERO, according to the company's Aug. 26, 2022, press release. In 2019, tZERO launched a traditional crypto exchange called “tZERO Crypto” that allowed users to buy, sell and hold Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and other cryptocurrencies.
How did Overstock issue a crypto dividend?
The dividend transaction took place in the usual manner using Computershare, and a duplicate or courtesy copy of the OSTKO token also exists on the blockchain to accommodate future digitization of capital markets.
What blockchain does tZERO use?
Full integration with tZERO Securities ensures instant ability to trade. Currently implements on Ethereum, Tezos, and Algorand and can be implemented on other blockchains. Traceable, convenient upgrade process.
Does Overstock have crypto?
E-commerce giant Overstock.com (OSTK) joined a number of other traditional companies in late 2017 when it announced plans to launch its own cryptocurrency. As with many other cryptocurrency launches, the company introduced its cryptocurrency through an initial coin offering (ICO). 1 Overstock called it called tZERO.
Does Overstock use Bitcoin?
Overstock. Overstock is currently leading the way in the shopping and cryptocurrency field. Overstock goes as far to accept multiple kinds of cryptocurrency, not just bitcoins. Not only is Overstock accepting bitcoin but they are holding it too!