Seems like Overstock is not releasing on the Bitcoin blockchain!
They're merely timestamping on the Bitcoin blockchain. http://www.sec.gov/Archives/edgadata/1130713/000104746915008523/a2226515zs-3a.htm#dk40601_about_digital_securities "In connection with a digital securities transaction, the tØ software will publish the transaction to the proprietary ledger maintained by the Pro Securities ATS with respect to the relevant series of digital securities. Concurrently, the tØ software will electronically publish the proprietary ledger and commence the process of embedding in the Bitcoin blockchain information necessary to mathematically prove the validity of available copies of the proprietary ledger. Specifically, after a set of transactions in our digital securities have been executed and recorded to the proprietary ledger, the Pro Securities ATS will send a de minimis amount of Bitcoin from an ATS-controlled Bitcoin wallet to another ATS-controlled Bitcoin wallet using the blockchain protocol. This blockchain protocol provides for an editable field that can be used to implant code or other data within the Bitcoin transaction that will be embedded into the blockchain, and the tØ software will use this field to implant anonymized cryptographic hash functions for the digital securities transactions reflected on the proprietary ledger into the Bitcoin transfer made by the ATS. The blockchain will validate this de minimis Bitcoin transaction and embed it, together with the implanted anonymized cryptographic hash function, into the Bitcoin blockchain. As a result, once the Bitcoin transaction is immutably embedded into the Bitcoin blockchain, an immutable record of the digital securities transactions reflected on the proprietary ledger is also recorded within the Bitcoin blockchain. The Bitcoin blockchain participants involved in validating the de minimis Bitcoin transaction do not have any access to the underlying digital securities transaction data. The transaction costs associated with this process relate to the de minimis costs of the Bitcoin currency transaction conducted by the Pro Securities ATS. As a result, the Pro Securities ATS—rather than us or holders of our digital securities—will bear such minimal costs required in connection with embedding cryptographic hash functions into the Bitcoin blockchain."
Overstock Begins Trading Its Shares Via the Bitcoin Blockchain (wired)
A New Exchange Byrne first revealed Overstock’s new blockchain stock offering in October at a fintech conference in Las Vegas, and over the past month, any existing Overstock shareholder could subscribe to take part. Today, the company actually moved the stock into investor accounts, including 126,565 shares traveling via tØ’s blockchain technology. Investors can begin trading the shares via the blockchain tomorrow. The Securities and Exchange Commission officially green-lit the operation last December, and Byrne says his company spent $5 to $6 million in legal fees securing regulatory approval from both the SEC and FINRA, the financial industry’s private overseer. tØ runs its own private blockchain, which would seem to defeat the purpose of the technology. The power of the blockchain lies in its distributed nature—as a technology that no one entity controls. But tØ publishes all transactions to the blockchain proper—the ledger that underpins bitcoin—which provides a very public record of anything that happens on its private system. Part of Byrne’s aim is to offer a transparency that today’s markets don’t provide.
Here are seven big tech stocks that have exposure to cryptocurrencies such as Bitcoin, as well as the blockchain technology By Tezcan Gecgil, InvestorPlace Contributor Oct 14, 2020, 6:58 am EDT ... NEW YORK, June 8, 2018 /PRNewswire/ --. Data published by Oristep Consulting estimates that the global blockchain technology market was valued at about USD 0.67 Billion in 2017. However, it is expected to reach USD 10.58 Billion by 2023, at an impressive CAGR of 58.39% during the forecast period. North America holds the largest market share due to the significant number of industries which are ... Overstock.com puts a lot of stock in blockchain Four years ago, Overstock.com began accepting bitcoin as a form of payment. It also created a venture capital arm that has invested in a dozen ... Shares of Overstock have been riding the bitcoin wave for the past year. The stock has soared more than 130% over the past 12 months, but it has plunged nearly 30% in 2018. Online retailer Overstock has said it hopes to sell its e-commerce business by February in order to focus on blockchain. The clock is ticking. CEO Patrick Byrne explains the strategy.
A Blockchain Future with Overstock CEO Jonathan Johnson
Overstock.com CEO Patrick Byrne on the potential impact of blockchain technology and President Trump suggesting public companies report every six months inst... Overstock.com CEO Patrick Byrne on the online retailer's blockchain business. https://www.overstock.com/bitcoin https://www.overstock.com/bitcoin-bestsellers... Overstock is known in crypto circles as one of the first major online retailers to accept Bitcoin payments. On top of being an early adopter, Overstock has invested heavily into blockchain ... Overstock.com CEO Patrick Byrne and Peruvian economist Hernando de Soto discuss how blockchain is helping bitcoin change the marketplace. Overstock.com CEO Patrick Byrne on the online retailer's blockchain business.