TigerDirect Brings in $250,000 in Bitcoin Payments in Under One Day

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Yesterday’s news that online electronics retailer TigerDirect would be accepting bitcoin payments came as a surprise to the community, but first-sale days figures might come as a greater surprise.

Reports circulating indicate the company has managed to bring in a whopping $250,000 worth of bitcoin payments in the matter of 17 hours. Over 1,000 orders made up the sum, which is quite a bit more than that brought in by Overstock.com in the same time period — about $130,000-worth.

The company — which brings in $2 billion + annually — has opened up the door to a whole new revenue source by accepting the digital currency.

Moving forward, it will be interesting to see how these sales figures transform. Will they keep up or wane over time? Time will tell. (via BitcoinBillboard) (published from 35,000 feet).