Overstock CEO Teases 'Historic' Blockchain Announcement

Overstock CEO Teases 'Historic' Blockchain Announcement

Newly back from a leave of absence, Overstock CEO Patrick Bryne is already promising big blockchain news ahead. Addressing a group of investors during a Q2 earnings call today, Byrne spoke about Overstock subsidiary Medici, the division of the online retailer developing the post-trade blockchain project tØ. Byrne said: "You’ll see a historic announcement in the weeks ahead. If all goes well, about four-ish weeks from now." Elsewhere, Byrne discussed how the company might monetize its blockchain R&D efforts and related investments. Notably, Byrne said the company is open to....


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