Overstock Incurred $117K Loss in Cryptocurrency Investments for Q1

Overstock Incurred $117K Loss in Cryptocurrency Investments for Q1

Online retail giant Overstock reported a total of $117,000 in losses for its cryptocurrency investments in the first quarter of 2015. According to the company's earnings report, its cryptocurrency holdings fell in value from $340,000 to $233,000 during the reporting period. Recent price declines in bitcoin were probably one of the biggest factors for the loss, as the company holds as much as 10% of its proceeds in the cryptocurrency. In its latest SEC filing, the company noted that it receives all bitcoin payments via a third party denominated in US dollars. Cryptocurrency Losses. At....


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