Overstock Makes History with First Public Blockchain Shares Offering

[kreslik.news]

Overstock.com, Inc. (NASDAQ:OSTK) announced that its rights offering of Blockchain Voting Series A Preferred Shares and Voting Series B Preferred Shares closed on Thursday, raising total gross proceeds of approximately $10.9 million.

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“This offering is historic in that we have successfully issued public securities that exist only on a blockchain,” said Overstock CEO Patrick Byrne. “In doing so, we have demonstrated to the world that there is indeed a path toward applying blockchain technology to capital markets in a way that complies with regulatory requirements and ... (read more)