George Soros has bought a massive amount of shares of Blockchain technology company, Overstock.com, according to CEO Patrick Byrne.
The company disclosed in a Securities and Exchange Commission (SEC) filing that warrant holder had exercised his right to buy $100 Million worth of shares.
Despite the filing refusing to disclose the investor, Byrne informed CoinDesk the buy was from Quantum Fund, a hedge fund owned and managed by...you guessed it, George Soros.Byrne anticipates that out of the Overstock received, $20 million will go to DeSoto Inc, a blockchain property rights joint venture in partnership with economist Hernando DeSoto.Does Soros want to control the cryptocurrency market?
Whatever Overstock.com do with their investment, there is speculation that Soros's hand in the direction of the company may work in favor of the banks rather than the 'decentralized', unlike regular fiat currency.
© press there is speculation that Soros's hand in the direction of the company may work in favor of the banks Byrne said he intends to use the funds to invest funds across Overstock's flagship e-commerce platform and other blockchain ventures that are part of its Medici Ventures subsidiary. READ MORE: Putin: 'Bitcoin Will Destroy the New World Order'"Maybe it’s about time we stop seeing Overstock as two separate businesses," he told coindesk.
"Our retail platform had 40 million unique people come to it last month. So as we’re developing these blockchain applications, these blockchain companies, the retail business is an extremely valuable retail business to have in terms of bringing awareness and traffic to the blockchain properties that we anticipate developing."
"By having the retail business involved, what we can really create is the wormhole between the two universes, the universe of conventional and the universe of crypto."
Read more at: http://www.neonnettle.com/news/3565-soros-buys-100k-worth-of-of-blockchain-technology-to-control-crypto-market
© Neon Nettle
The company disclosed in a Securities and Exchange Commission (SEC) filing that warrant holder had exercised his right to buy $100 Million worth of shares.
Despite the filing refusing to disclose the investor, Byrne informed CoinDesk the buy was from Quantum Fund, a hedge fund owned and managed by...you guessed it, George Soros.Byrne anticipates that out of the Overstock received, $20 million will go to DeSoto Inc, a blockchain property rights joint venture in partnership with economist Hernando DeSoto.Does Soros want to control the cryptocurrency market?
Whatever Overstock.com do with their investment, there is speculation that Soros's hand in the direction of the company may work in favor of the banks rather than the 'decentralized', unlike regular fiat currency.
© press there is speculation that Soros's hand in the direction of the company may work in favor of the banks Byrne said he intends to use the funds to invest funds across Overstock's flagship e-commerce platform and other blockchain ventures that are part of its Medici Ventures subsidiary. READ MORE: Putin: 'Bitcoin Will Destroy the New World Order'"Maybe it’s about time we stop seeing Overstock as two separate businesses," he told coindesk.
"Our retail platform had 40 million unique people come to it last month. So as we’re developing these blockchain applications, these blockchain companies, the retail business is an extremely valuable retail business to have in terms of bringing awareness and traffic to the blockchain properties that we anticipate developing."
"By having the retail business involved, what we can really create is the wormhole between the two universes, the universe of conventional and the universe of crypto."
Read more at: http://www.neonnettle.com/news/3565-soros-buys-100k-worth-of-of-blockchain-technology-to-control-crypto-market
© Neon Nettle
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