Blog Archives

Bitcoin-championing retailer Overstock reports 9% revenue boost in Q1

Posted on 24th April, 2014

Although bitcoin is unlikely to have played a major role in Overstock.com’s significant first-quarter earnings uptick, it’s good to know that one of the rare major online retailers to advocate for virtual currencies seems to be doing just fine. Overstock’s quarterly report was published today, showing a strong 9% growth in both revenue and gross […]

Report: The real impact of Overstock’s $30,000 per day in bitcoin sales

Posted on 13th March, 2014

Speaking with Business Insider in an article published yesterday, Overstock CEO Patrick Byrne noted that his company was seeing “$20,000 to $30,000” per day in sales. That total is less than the estimated $1 million per month previously claimed by Byrne, but he notes that the volume of sales is “gradually increasing” and the bitcoin […]

Overstock expects $10 million to $15 million in Bitcoin sales in 2014

Posted on 4th March, 2014

Speaking with the Wall Street Journal earlier today, Overstock CEO Patrick Byrne said that his company has raised their initial projection of Bitcoin sales to between $10 and $15 million for 2014. The company, which only began accepting Bitcoin a little under two months ago, initially expected to see $5 million in BTC transactions this […]

Overstock CEO: Bitcoin Isn’t Just A Publicity Stunt

Posted on 21st February, 2014

Overstock.com’s CEO Patrick Byrne was profiled on Forbes today, speaking at length about his views on the future of Bitcoin. One of the most interesting revelations is that Byrne personally cashed out “several million dollars worth” of gold to convert to Bitcoin. This appears to directly contradict speculation that Overstock and other companies were adopting […]