Shares of Overstock (Nasdaq: OSTK) have skyrocketed this year… Most recently surging up about 50% in December alone. But… Why? After all, Overstock’s retail e-commerce business is being crushed by Amazon. One reason is that Morgan Stanley recently disclosed that it had acquired an 11.4% stake in OSTK. This sent shares up sharply. Again… But… Why? It may be because Overstock is increasingly being seen as a blockchain and/or Bitcoin play. The following are three possible reasons why the market is looking at OSTK as a blockchain and/or Bitcoin investment:…
Read More3 Reasons Why Overstock (OSTK) is a Blockchain Play
