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Overstock Ready for First Blockchain-Inspired Trading

Yiran Dai

Summary: Overstock, American Internet retailer, announced today that it had finished distributing its Digital Voting Series A-1 Preferred Stock (“Series A-1”) (OSTKO) digital dividend on May 19, per Forbes. As OSTKO is to trade solely on tZERO’s Alternative Trading System (ATS), the completion of the distribution marks the first blockchain-inspired trading.

Overstock, American Internet retailer, announced today that it had finished distributing its Digital Voting Series A-1 Preferred Stock (“Series A-1”) (OSTKO) digital dividend on May 19, per Forbes. As OSTKO is to trade solely on tZERO’s Alternative Trading System (ATS), the completion of the distribution marks the first blockchain-inspired trading.

Jonathan Johnson, CEO of Overstock, said, “I’m pleased we have paid this innovative dividend to our shareholders. These preferred shares have real value and have been paid a cash dividend in each of the last three years.”

By Yiran Dai

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