Today's Hard|Forum Post
Today's Hard|Forum Post

Monday April 27, 2015

Overstock Wants To Offer Stock That Works Like Bitcoin

Overstock filed a prospectus with the SEC indicating its intention to issue up to $500 million in stock that is controlled by a bitcoin-like network. eek!

"We may decide to offer securities as digital securitiesآ…the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies," the filing reads.