Overstock’s Bitcoin ‘hodl’ Strategy Upped To 50%

Online retailer Overstock.com is shifting its cryptocurrency investment strategy keeping half of the bitcoin it takes in as payment, the company’s CEO has said. Overstock reported its second-quarter earnings last week, revealing that its Medici blockchain business lost $3.3 million before taxes during that period. At the time, the company explained the loss as necessary as it continues to [.

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08/08/2017  · But the Overstock CEO also confirmed a change in the strategy toward bitcoin, upping the amount held from 10 percent to 50 percent, contributing to an increased scarcity of the cryptocurrency: “And we have changed our strategy on accumulating Bitcoin. We’ve gone from keeping 10 percent of what’s spent with Bitcoin to keeping 50 percent.

OSTK to HODL: Overstock to Keep 50% of All Bitcoin Payments as Investments Online retailer Overstock.com is shifting its cryptocurrency investment strategy keeping half of the bitcoin it takes in as payment, the company’s CEO has said. Overstock reported its second-quarter earnings last week, revealing that its Medici blockchain business lost $3.3 million before taxes during that.

But the Overstock CEO also confirmed a change in the strategy toward bitcoin, upping the amount held from 10 percent to 50 percent, contributing to an.

BULL RUN EXIT STRATEGY: 3 Things You MUST HAVE for 2020/2021 Run (REPOST) + BTC XRP Price PredictionOnline retailer Overstock.com is shifting an earlier strategy by keeping half of the bitcoin it takes in as payment, the company’s CEO has said. OSTK to HODL: Overstock to Keep 50% of All Bitcoin.

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Online retailer Overstock.com is shifting an earlier strategy by keeping half of the bitcoin it takes in as payment, the company’s CEO has s.