Overstock.com Shares Plummet Following SEC Cryptocurrency Investigation

Shares of e-commerce company Overstock.com have fallen significantly as the US Securities and Exchange Commission (SEC) investigates the company’s sale of digital tokens through its subsidiary. Lacking Confidence Overstock.com shares fell more than 10 percent Tuesday, following the e-commerce company’s announcement that it intends to offer 4 million shares of new stock in an underwritten public offering. As the lone underwriter, Guggenheim will have the option to purchase as many as 600,000 additional shares within Read More The post Overstock.com Shares Plummet Following SEC Cryptocurrency Investigation appeared first on Bitcoinist.com.



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