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Overstock shares soar after a massive private-equity investment in its blockchain unit tZero

CNBC.com
Overstock shares soar after a massive private-equity investment in its blockchain unit tZero

Overstock shares jumped as much as 21 percent in after-hours trading on Thursday after the e-commerce retailer announced that Hong Kong private-equity firm GSR Capital will invest up to $270 million into Overstock's blockchain subsidiary tZero. The investment by GSR Capital will be made at a valuation