Overstock represents one of the world’s biggest supporters of Bitcoin, considering the fact that they started accepting bitcoin as a form of payment long before many other popular companies. Well, recent reports indicate that the company has just become the first publicly-traded firm to issue stock, directly via the Internet, thus being ready to distribute 126,000 company shares, using the bitcoin blockchain.
With the help of a subsidiary, Overstock has spent the last two years trying to build a blockchain-based technology that would later be used to facilitate the trading of various financial securities of the firm. Back in October, the firm announced that they will allow stakeholders to purchase whatever number of shares they wish, from their preferred stocks.