The Soros Foundation is the third largest shareholder Overstock

The Soros Foundation is the third largest shareholder Overstock

According to information published by CNBC on Thursday 15 February, the investment Fund of George Soros was the third-largest shareholder in online store and companies Overstock.

According to a statement filed with the Commission on securities and exchange Commission (SEC), Soros Fund Management acquired shares of Overstock 2,472,188 to the end of the fourth quarter of 2017.

Internet platform Patrick Byrne became the first major company that has integrated bitcoin payments back in 2014. Himself Patrick Byrne is known as an ardent supporter of cryptocurrency.

After it became known about the partnership between Overstock with such projects as the tZero, Argon and RenGen, the company’s stock steadily rising for several months. This effect attracted many more companies in the field of blockchain.

At the same time, Soros, who once publicly stated that he considers the bitcoin bubble, abandoned their shares in such companies as Facebook and Google, as it believes that they threaten the status of a monopoly.

Recall that Facebook has decided to ban advertising in one way or another associated with the cryptocurrency, or the ICO, due to the fact that, in the opinion of the company, in this area there are too many scams.

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