On June 5, retail giant Overstock became the first company to offer a corporate bond , valued at US$25 million, as crypto securities to qualified institutional investors. The offering is part of the company’s bitcoin blockchain-based initiative called Medici.
Overstock CEO Patrick Byrne stated in a press release: "The crypto revolution has arrived on Wall Street. We’re making it official by offering the world’s first crypto security.” The crypto securities, or stocks, will be powered […]
