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As bitcoin interest and adoption grew, we noticed technological, capitalistic and philosophic reasons to offer our clients a safe, decentralized, immutable manner to purchase products. In December 2013, wanting to make it potential for bitcoin users to purchase products from us, we included our senior administration workforce in the discussion. In particular, he was watching how bitcoin was being successfully used all over the world after the Cyprus bailout and studying its underlying blockchain expertise. Overstock launched first-quarter 2017 earnings on May four. Despite a 5{d8f2b0aca19448ff880590c084a6732ed34c3e97f3c01f69fc4b0e6e98494cf7} improvement in income to $432.four million, the corporate posted a web loss of $5.9 million, versus a revenue of $thirteen.four million within the comparable 2016 quarter.
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