Article Image
News Link • Bitcoin

Overstock CEO Sees Bitcoin Sales Rising More Than Expected


Bitcoin holders have spent more than $1 million at since Jan. 9, surpassing the online retailer’s expectations and prompting it to keep a stash of the virtual currency that eventually may be used to pay vendors or employees. Chief Executive Patrick Byrne said the Salt Lake City-based company now expects bitcoin sales to reach $10 million or $15 million this year, up from the $5 million that had been expected. That is a sliver of the $1.3 billion of revenue that the company generated last year.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: