Overstock (OSTK:NASDAQ) is one company in which you can invest in to obtain exposure to the value that blockchain technology will unlock in the years to come. As one of the first adopters of Bitcoin, it is clear that the large retailer dances to its own tune, whereby investment in blockchain technology has been a key priority for the firm.
While Overstock does not care much for operating cash flow and recent negative earnings per share reading, their blockchain ventures could pay off nicely in the future and drive a long-term bullish drive for the company’s stock price.
Overstock’s Blockchain Focus
Medici Ventures is a wholly owned subsidiary of Overstock, with a strong presence in the blockchain space; Medici project investments include t0, PeerNova, Bitt.com and Identity Mind. Bitt delivers