After Lawsuits and Delays, Overstock Hands Shareholders Digital Dividend
The online retailer has finally handed out its digital dividend to shareholders after delays hit last year's planned distribution.
“We remain bullish on blockchain technology but are changing the way we interact with these asset," said CEO Jonathan Johnson.
The plaintiff may now file an amended complaint against Overstock and former CEO Patrick Byrne.
On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade.
The comments come days before a ballot count marred in uncertainty.
Medici Ventures has completed a third equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.
The e-commerce firm is hoping to persuade a judge in the Utah District Court to throw out a class-action securities fraud lawsuit relating to the firm's security token dividend and its effect on short sellers.