Soros Fund Becomes Number 3 Shareholder of Overstock, CEO Known For Pro-Bitcoin Stance

in #bitcoin7 years ago

From Cointelegraph


George Soros’ investment fund became the third-largest shareholder in the pro-cryptocurrency retailer Overstock last year, data shows, according to an article published by CNBC on Thursday, Feb. 15.

According to a filing from the US Securities and Exchange Commission (SEC) reported by CNBC Thursday, Soros Fund Management had secured 2,472,188 shares in Overstock by the end of Q4 2017.

Patrick Byrne’s online platform became the first major corporation of its type to accept Bitcoin for payments in 2014, a practice it continued before announcing a new trading-focused venture in September.

After the unveiling of its partnership involving subsidiary tZero, Argon and RenGen, Overstock enjoyed several months of stocks growth in a phenomenon which repeated as more companies notionally built ties in the Blockchain space.

Read more: https://cointelegraph.com/news/soros-fund-becomes-number-3-shareholder-of-overstock-ceo-known-for-pro-bitcoin-stance

Business makes strange bedfellows.

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Thanks for sharing this post.
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Information is brilian i like your post

Very interesting set of associations, though Soros' involvement does not give me warm and fuzzy feelings. Thanks for posting.

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