[2016-02-11] CD: Overstock Spent $8 Million on Blockchain Projects in 2015

[LiteCoinGuy]

Online Retailer Overstock Spent $8 Million on Blockchain Projects in 2015

Online retailer Overstock.com spent $8m last year on its blockchain-backed securities trading initiative.

In a statement to investors, CEO Patrick Byrne wrote that the firm spent $6m more than originally anticipated on its blockchain research. The firm said in November that it spent $3.2m during the third quarter on the initiative.

http://www.coindesk.com/overstock-spent-8m-on-blockchain-securities-trading-project-in-2015/

[Kprawn]

We hardly hear anything from Patrick Byrne these days... a while ago he was the center of attention and Overstock was one of the primary companies

supporting Bitcoins. The next thing you hear them buying nearly $10m in gold and silver and some other Alt coins. Patrick was such a big advocate for

Bitcoin and now you hear nothing.