Charted
Overstock’s Cryptocurrency Stash
The online retailer is planning to add to its holdings of virtual currency
This article is for subscribers only.
Overstock.com Inc., the first retailer to accept bitcoin, is keeping more of what it takes in. The company disclosed that it holds $403,000 of cryptocurrencies, the greatest amount held since they began reporting the figure, according to its latest quarterly statement. The figure will continue to grow, says chief executive officer and founder Patrick M. Byrne, with Overstock planning to increase its holding to 50 percent from 10 percent.