Overstock Buys 3 Domains & 3 Social Net Handles For 150 Bitcoins

[Arpit131]

Overstock bought three domain names and three social media handles for 150 bitcoins, in December 2014, which at the time were valued at $50,000 ($380 per BTC) from Anonymous Media LLC. which is a/k/a Dotted.in

Overstock bought the domain names O.ly, O.vu and O.cr as well as the social networking handles of twitter.com/O; vimeo.com/O and O.tumblr.com for 150 Bitcoins.

Bitcoin is presently trading down around 40% from where it was in December 2014 at $233 down from $380.

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[enlytend]

From the company that formerly rebranded on O.co ... only to see profits tank and end up redirecting it back to Overstock.com.

(And launched what was supposed to be a b2b focused site on O.biz - that's still out there, but hardly a raging success. According to SEMrush, its top performing keyword is Batman Cookie Jar)

The social media accounts were the better investment.

 

[Keith]

When I think of the money they spent on nonsense rebranding and knockoffs I say, o.no!