Blockchain

Chinese PE firm to invest $270 million in Overstock’s blockchain startup tZero

It is reported that Chinese private equity firm GSR Capital has signed a LOI to invest $270 million in blockchain startup tZero, a subsidiary of Overstock.com. Beyond the $270 million capital for an 18% stake in the tZero blockchain platform for trading securities, GSR Capital confirms that it will spend up to $104.55 million for about 3.1 million shares of Overstock.com stock, or about a 10%.

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