Overstock to Pass $3 Million USD in Bitcoin Sales in 2014
Bitcoin supporter Overstock.com, led by long-time Bitcoin supporter CEO Patrick Byrne, are projecting three million US Dollars in overall sales for merchandise purchased with Bitcoin for 2014. The amount is a marked drop from the fast start projections Overstock claimed early on, based on the initial flurry of Bitcoin activity the once-largest Bitcoin merchant experienced early on. Overstock Initial Forecast Was Over $10M for 2014. Overstock has spent almost the entire year accepting Bitcoin, taking their first orders on January 9th, netting almost 800 orders and over $100k in revenue from....
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As the first major retailer to accept bitcoin payment, many have keenly watched Overstock.com; they are expecting $3 million in bitcoin sales for 2014. Projections of the 2014 bitcoin sales for this retail powerhouse have been all over the board, and speculated by many. When bitcoin payment on Overstockfirst became available in January of this year, the sales were far beyond company expectations. Early projections from the first couple of months of this year had bitcoin sales as high as $10-20 million for 2014. CEO Patrick Byrne stated that Overstock originally anticipated $5 million in....
International retail giant Overstock.com is reporting that it expects to complete $3m in total bitcoin sales for 2014. The figures are notable given that the e-commerce company had issued a wide range of potential estimates for its first-year bitcoin sales over the course of the year. In March, CEO Patrick Byrne suggested Overstock was on pace to achieve $10m-$15m, or even $20m, in bitcoin sales. Such estimates were also below the $5m Byrne said Overstock originally anticipated, though on par with those suggested by Overstock chairman of the board Jonathan Johnson in interviews. Judd....
US online retailer Overstock is now selling an average of $15,000 worth of goods for bitcoin every day, according to the company's CEO. Speaking to Reuters, Patrick Byrne said he expects bitcoin sales of $6m to $8m this year and confirmed that Overstock's cumulative bitcoin sales have now passed the $2m mark. Byrne added that he expects bitcoin sales to reach $1m per month by the end of the year, up from upwards of $300,000 per month earlier this summer. The retailer reached its first million dollars in bitcoin sales in early March and reported a total of$1.6m in bitcoin purchases in late....
It has been less than two months since e-commerce giant Overstock.com began accepting bitcoin payments on their website, and the online retailer has already surpassed $1m in total sales. Overstock's CEO Patrick Byrne confirmed the company's plans to embrace bitcoin back in December, and bitcoin payment processing officially went live on Overstock.com on 9th January. Byrne spoke with CoinDesk about its $1m milestone, asserting that while the initial surge of bitcoin sales did subside, there has since been steady growth in bitcoin payments: "In the first day there was an enormous surge of....
Employees at Overstock.com have another option when it comes to receiving their paycheck - bitcoins. The discount online retailer Overstock.com announced on Friday it is planning on offering its employees the option of being paid in Bitcoin. The announced was made in a release about a Bitcoin ATM that was installed at its corporate headquarters in Salt Lake City. It is the one year anniversary of when the company first announced it would be accepting bitcoin as a form of payment. Also read: Overstock to Pass $3 million in Bitcoin Sales in 2014. Overstock.com Offers Staff Bitcoin. In his....