Tag: overstockcom

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Overstock's Patrick Byrne: Bitcoin Sales Will Add 4 Cents to 2014 EPS No Comments

Some interesting news surfacing from a Reuters exclusive on this Wednesday evening. The news agency's report indicates that Overstock.com's bitcoin sales will add an estimated four cents to the company's 2014 EPS (earnings per share) figure. Word came from the company's head honcho, Mr. Patrick Byrne, who spoke to the outlet directly. Already this year, Overstock.com has managed to pull in a w...


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Patrick Byrne to Give Keynote Address at APEX: Digital Currency Partnerships Expo No Comments

A newly-announced event dubbed APEX: Digital Currency Partnerships, will take place from September 8-9 with a goal of "bring[ing] digital currency to the forefront of financial services." The event described: "At APEX: Digital Currency Partnerships, you'll engage in new conversation, bridging Bitcoin philosophy and business development. We'll cover digital currencies as transactional currency,...


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Taking Place Now: Reddit Q&A With Overstock.com CEO Patrick Byrne No Comments

A reminder to you regarding Overstock.com CEO Patrick Byrne's plans to do a Q&A session on social sharing website Reddit.com. It's taking place right now (follow this link), as planned. He writes: [blockquote style="2"]14 years ago I launched Overstock.com. Today, despite the great dotcom bubble and several financial downturns, Overstock.com has grown to become one of the largest internet r...


Overstock.com Bitcoin Sales Surpass $1 Million No Comments

We've been hearing for weeks that online retail giant Overstock.com was approaching $1 million in sales done in bitcoin. The time has come, and Overstock.com today announced they have indeed passed the $1 million mark. "We did not expect to hit this milestone so quickly," said Overstock CEO Patrick Byrne. "Bitcoin customers are good customers, and we're pleased to provide them this service." S...


Bitcoin Users Have Spent About $500,000 on Overstock.com Since January 9th No Comments

Overstock.com is proving to the world of retail that accepting bitcoin can be a lucrative decision. On January 9th, the company rolled out its bitcoin integration (in partnership with Coinbase) some six months ahead of plan. It wasn't long before the world receive the first sales figures. In a matter of hours, over $10,000-worth of merchandise was sold in exchange for the digital currency. A da...


Overstock.com CEO Shares More Details on Bitcoin Acceptance No Comments

This week, we told you about Overstock.com's plans to start accepting bitcoin in 2014. Some more information is coming to light. In a conversation with CoinDesk, Overstock.com CEO Patrick Byrne said that the decision on whether or not to work independently of digital currency payment processors is something that may happen in the next two weeks. "We’ll probably be working with the third part...


Overstock.com to Begin Accepting Bitcoin Second Half of 2014 No Comments

In late October, there was a brief mention of retailer Overstock.com in a New York Times piece that noted the online retailer was considering accepting bitcoin, but decided they would put a hold on that objective (partially due to the fact that bitcoin is still a 'gray area' in terms of financial law). It would appear that Overstock is once again revving their engines on that front, with the c...


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