Retail News

Overstock.com division to launch initial coin offering

Axios 10/25/2017

Overstock.com CEO Patrick Byrne told an audience at the Money 20/20 conference that his company will launch an initial coin offering (ICO) of 500 million cryptocurrency tokens next month via its tØ exchange. If the ICO goes off as intended, it will become the largest offering of all time topping the $257 million raised by FileCoin in August.

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