Overstock planning to pay employee bonuses in bitcoin

Home » Overstock planning to pay employee bonuses in bitcoin
Overstock logo

Overstock logo

In an interview with Mashable, online retailer Overstock.com dropped a new bitcoin bombshell: The company is considering paying employee bonuses in BTC. Spokesman Judd Bagley told Mashable that the company is working out the logistics in advance of the end-of-year bonuses. The bitcoin-bonus program will be optional, although the bonuses will be higher than the cash equivalent.

Bagley also told Mashable that the company had recently passed $2 million in BTC-only sales. Overstock launched the bitcoin-payment option in January, and is one of the largest retailers to accept digital currency. Bitcoin purchases make up a tiny amount of Overstock’s sales volume — less than 0.25% — barely nudging the company’s reported $673 million in revenues in the first half of this year.

“We experienced an initial surge, there was a lot of excitement,” Bagley told Mashable. “It settled into something a little more predictable.”

Overstock has already grabbed its fair share of headlines this week, as CEO Patrick Byrne announced his company was exploring a digital stock offering and expanding its BTC-payment option globally.

New Casinos

DEDPRZ.com is the BEST Gamblefi online casino and sportsbook I have seen to date. Don't miss this one if you are into Crypto Casinos

Get 180 free spins and up to 5 BTC in bonuses

CasinoMax: 325% match bonus up to $9750 + 25 bonus spins for 7 consecutive days

400% welcome bonus up to $8000. 40x wagering requirement is required prior to your first withdrawl

Great Welcome Slot Bonus!

Claim a HUGE 500% deposit bonus with no maximum with Crypto

© Copyright 2024 The Best Crypto and Bitcoin Casinos and Sports Betting Sites | Bitcoinx
Powered by WordPress | Mercury Theme