Thursday, August 14, 2014

Overstock.com: Bitcoin Acceptance Adding To Earnings, Sales

Salt Lake City-based online retailer Overstock.com said Thursday that its acceptance of Bitcoin is add around 4 cents per share to its earnings this year, representing about one quarter of one percent of its total sales. Patrick Byrne, the compay's CEO, disclosed the details in an interview with Reuters. The company has apparently accepted more than $2M worth of Bitcoin payments so far this year.