Overstock Reports Over $100k in Crypto Losses for Q1 2015

Overstock Reports Over $100k in Crypto Losses for Q1 2015

US retail giant Overstock lost $117,000 on its investments in cryptocurrencies during the first quarter of 2015, according to the company's latest quarterly earnings report. Overstock listed its cryptocurrency holdings as valued at $233,000, down from $340,000 on 31st December. Long one of the largest merchants in the digital currencies space, Overstock had previously indicated that it was holding as much as 10% of its proceeds from such sales in bitcoin. The filing suggests Overstock is still holding the funds in bitcoin, as it noted subsequent increases in the value of bitcoin could be....


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