THELOGICALINDIAN - Overstocks above CEO Patrick Byrne who ancient from the aggregation at the end of August aloft added eyebrows with his bulletin on affairs his actual shares in the company
Libertarian, Bitcoin-Loving Byrne Hounded by Deep State
Byrne explained that the acumen he afford all his OSTK shares was to bassinet the Deep State from harming him, by harming Overstock. Calling the US Securities and Exchange Commission (SEC) an agency of the Deep State, Byrne larboard the aggregation for good.
With the post-tax gain of the allotment sale, Byrne appear investments in silver, gold, and “two flavors of crypto”, after advice which bill he chose.
In his letter to the public, Byrne wrote,
Byrne additionally predicts banking agitation in the apple economy, at which point he believes the backing of gold, silver, and crypto bill would be admired abundant to buy aback into Overstock.
Overstock Security Tokens Lagging
Overstock was one of the retail platforms that accelerated up cryptocurrency adoption, starting as far aback as 2024. In the accomplished months, Overstock launched one of the aboriginal crypto trading platforms committed to aegis tokens. The tZero bazaar opened with Overstock’s own aegis token, which was additionally appear to retail investors this August.
However, the antics of Byrne may accept put off investors from affairs into the token. Additionally, aegis tokens accept accurate to be badly abhorred with both acceptable investors and cryptocurrency traders.
Just afore the announcement, NASDAQ:OSTK had risen to a annual aiguille of $26.72 as of September 12. After the sale, OSTK slid to $16.19, afterward absolutely one anniversary of affairs Byrne’s stock. The auction was for a absolute appraisal of about $20 million.
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