Overstock CEO Reveals He Now Holds Millions in Bitcoin

[CryptoCurrencyInc.com]

Overstock CEO Reveals He Now Holds Millions in Bitcoin

Speaking to investors during Overstock.com’s fourth-quarter earnings call on 30th January, CEO Patrick Byrne revealed he now holds “several million dollars” in bitcoin, having recently invested in the currency.

Byrne retracted earlier statements that indicated both he and Overstock would not hold any bitcoin. The outspoken exec further freed his company to hold bitcoin on the call, stating that it is “no longer bound” by previous restrictions.

http://www.coindesk.com/overstock-ceo-holds-millions-bitcoin/

[hilariousandco]

That's interesting. Glad he decided to hold on to some. I wonder if he bought the Bitcoins elsewhere or did he take them out of the companies stash?

[BitCoinDream]

That's interesting. Glad he decided to hold on to some. I wonder if he bought the Bitcoins elsewhere or did he take them out of the companies stash?

definitely he bought them. taking out from company's stash is utterly illegal.

[hilariousandco]

That's interesting. Glad he decided to hold on to some. I wonder if he bought the Bitcoins elsewhere or did he take them out of the companies stash?

definitely he bought them. taking out from company's stash is utterly illegal.

Why would it be illegal? I didn't mean he took them without permission or anything.

[MegaHustlr]

Cool, sounds like a good investment.

[EarlyAdopterCoin]

awesome

[guybrushthreepwood]

He has my respect alone just for taking the plunge and accepting Bitcoin, but he gets even more for investing personally in Bitcoin. I hope it pays off for him on both accounts.

[Sonny]

Nice, finally some merchants decide to keep some bitcoin instead of trading it for fiat at the very second they receive it lol.