Among the announcements, Medici Ventures is in talks with Facebook (NASDAQ: FB) over Libra and tZero is targeting its launch of the Boston Security Token Exchange (BSTX), a venture in partnership with BOX.
The developments come as Overstock aims to exit the e-commerce business and capitalize on blockchain opportunities. So far, the company says efforts have been well received by investors and emerging industry participants.
"Our blockchain companies are at the leading edge of the blockchain revolution," Patrick Byrne, CEO and founder of Overstock said in a statement.
Overstock reported quarterly losses of 69 cents per share, which beat the analyst consensus estimate that called for a loss of 92 cents. The company reported quarterly sales of $373.7 million, which missed the analyst consensus estimate of $376.66 million.
Overstock shares traded lower by 3.1% to $20.61 in Friday's pre-market session.
Bitcoin Vs. Gold: Which Is A Better Safe Haven Right Now?
Overstock CEO Releases Bizarre Statement To Explain Massive Stock Sale
See more from Benzinga
- BMO InvestorLine President: 'The More Innovation In This Space, The Better'
- Tastytrade To Push Innovation, Accessibility With M Investment In Dough
- Crypto Briefing: Institutional-Grade Analytics And Ratings For Digital Currencies
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.