Overstock CEO: We’re Now Averaging $15,000 A Day In Bitcoin Sales

Overstock CEO: We’re Now Averaging $15,000 A Day In Bitcoin Sales

Aug 13, 2014

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Overstock Overstock.com CEO Patrick Byrne says Bitcoin holders have boosted his company’s bottom line as a reward for his decision earlier this year to become the first major retailer to accept the digital currency. Reached by phone by Business Insider Tuesday, Byrne confirmed a report  from Reuters’ Gertrude Chavez-Dreyfuss that Bitcoin sales had exceeded $2 million since the Utah-based company began accepting the  cryptocurrency in January. He added that he expected up to $8 million in total sales for the year, and forecast Bitcoin revenues would be responsible for $0.04 in earnings per share. Byrne told Chavez-Dreyfuss he expects total 2014 […]

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