BITCOIN / BLOCKCHAIN/ CRYPTO CURRENCIES

[Rawlens]

Hong Kong-based GSR Capital to Invest $270 Million in Blockchain Startup tZero – Hong Kong-based private equity firm GSR Capital recently announced that it will invest $270 million in a blockchain-based startup of Overstock.com (NASDAQ:OSTK) . A press release published by the American internet retailer confirmed that GSR Capital is planning to add around $30 million to its initial amount of investment in the ICO of tZero, a subsidiary of Overstock.com. If the Chinese private equity company seals the deal it will be one of the largest ever single investments made by a company in a blockchain startup. Immediately after this announcement by Overstock, the stock price of tZero shot up by over 20% and went up to $45.40/share. With the $270 million investment, GSR Capital will acquire a stake of 18% in the platform of tZero for securities issued on the blockchain platform. Read more: https://marketexclusive.com/hong-kong-based-gsr-capital-to-invest-270-million-in-blockchain-startup-tzero/2018/08/