Ben Winck, 19 September 2019
Overstock founder and former CEO Patrick Byrne sold nearly 5 million shares totaling roughly $90 million in order to invest in “counter-cyclical” assets like gold and cryptocurrencies.
Byrne plans to make his new investments by Friday. He can also provide “a capital injection if needed by buying back into Overstock” as soon as March 17, 2020, a Wednesday blog post highlighted.
The former executive added that his move into crypto and precious metals allows him to move his capital “outside acts of retaliation from the Deep State.” Continue reading “Article: Overstock’s controversial former CEO sold his entire $90 million stake to pile into gold and crypto investments (OSTK)”