The stock rose 4.47 percent during the trading day and closed at $38.60 per share.
“We are honored to have GSR Capital as a strategic investor,” said tZERO CEO Saum Noursalehi in a statement. “The tokenization of securities has the potential to disrupt global capital markets responsible for moving hundreds of trillions of dollars. Together with our partners, we will globalize our blockchain-based platform, bringing more efficiency, liquidity, and trust to capital markets.”
Overstock launched the tZero cryptocurrency via an initial coin offering on Dec. 18 of last year.