Overstock.com, has experienced stock shares soar as a result of their acceptance of bitcoin and blockchain. Speculation in digital currency has mirrored its effect on Overstock’s shares. According to a CNBC article, the company closed Tuesday up about 11.6%. It briefly soared 14 percent prior to that close.
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Overstock.com's Stock Shares Soar in Relation to Bitcoin
The CNBC article elaborated: “Shares of Overstock.com closed up nearly 11.6 percent Tuesday after briefly surging more than 14 percent. The stock has hit four-year highs on mounting excitement around the company’s venture into blockchain, the technology behind bitcoin.”