Overstock’s former CEO Patrick Byrne, who departed from the company at the end of August, raised more eyebrows with his message on selling his remaining shares in the company.

Libertarian, Bitcoin-Loving Byrne Hounded by Deep State

Byrne explained that the reason he shed all his OSTK shares was to hamper the Deep State from harming him, by harming Overstock. Calling the US Securities and Exchange Commission (SEC) an organ of the Deep State, Byrne left the company for good.

With the post-tax proceeds of the share sale, Byrne announced investments in silver, gold, and “two flavors of crypto”, without disclosing which coins he chose.

In his letter to the public, Byrne wrote,

The crypto is stored in the place where all crypto is stored: in mathematical mist, behind long keys held only in the memory of someone who is quite good at storing such things in memory (with paper backups in the hands of a priest I met 35 years ago who never sits foot in the West),

Byrne also predicts financial turmoil in the world economy, at which point he believes the stash of gold, silver, and crypto coins would be valuable enough to buy back into Overstock.

I have to wait six months for it to be…

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Author: Christine Vasileva


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