- When you visit Overstock.com, you’ll still be met by advertisements for discounted Martha Stewart Rugs and a coupon for an extra 10 percent off already-clearanced bedroom furniture
- Overstock company, after Chinese private equity firm GSR Capital invested $270 million to purchase a 15 percent ownership stake in the security token exchange operator at a $1.5 billion valuation.
- Coin offering (ICO), bringing the Hong Kong firm’s total investment in the Overstock network to more than $560 million.
- Following that rally, Overstock — whose shares traded below $20 one year ago and have largely tracked with the trajectory of the cryptocurrency market since — now has a market cap of approximately $1.34 billion,
- Overstock’s blockchain investments now comprise about 60 percent of the firm’s total value and that he believes OSTK shares will rise to $112, an almost 150 percent increase from their current level.
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