-=Overstock.com (OSTK) : signs a cryptocurrency deal

Overstock.com (OSTK) subsidiary tZERO announced the signing of a letter of intent with GSR Capital, a private equity firm organized under the laws of Hong Kong, to participate in tZERO's Security Token Offering. In accordance with the LOI, GSR will purchase $160 mln in tZERO Security Tokens pursuant to the Simple Agreement for Future Equity. The purchase price per Security Token will be $10.00. To accommodate the investment from GSR, tZERO's STO has been extended to August 6, 2018.