Byrne Sells Overstock Stake to Buy Crypto and Battle Deep State

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Patrick Byrne, the former CEO of Overstock who resigned abruptly in August, has dumped his 13 percent stake in the e-commerce company he founded 20 years ago to buy cryptocurrency and precious metals, he announced late yesterday.Byrne said that, by the end of the week, he will have reinvested all of the proceeds into “investments that are counter-cyclical to the economy.”A longtime proponent of cryptocurrency — Overstock was one of the first companies to accept crypto payments, launched the tZERO security token trading platform.Byrne was ahead of the curve, but perhaps too much so, as the external pressures against him compelled his resignation from the company last month.


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