Speaking with CoinDesk today, Byrne discussed the matter in an abstract sense and, as reporter Pete Rizzo noted, “choosing his words carefully.”
I can’t say that we have the intention to actually do it, but I can say that my intention is as firm as the intention can get while being still exploratory. If it gets any more solid, I will have to notify the Securities and Exchange Commission (SEC).”
Byrne was also quick to note that any such offering would be an experiment, rather than a primary securities offering:
If we hypothetically issued such stock, it would really be in a small amount. […] We’re doing it because we want to figure out how to do it and show how to do it [so] other people can fund their companies using the system we develop.”
Overstock also made another major stride in promoting bitcoin adoption this week, announcing plans to expand its current bitcoin-buying option beyond the U.S. and into the global market on a timeline of “one month to six weeks.” Byrne noted that even customers in Russia, where bitcoin is arguably illegal, will have the option.