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Tech CEO dumps $90M of company stock to buy Gold, Bitcoin
Former Overstock CEO Patrick Byrne liquidated his position in his company and bought gold, silver and bitcoin to protect against a "recession" and the "deep state." Byrne sold 4.8 million shares to net about $90 million. Last month 57-year-old Byrne resigned from the company he founded after having an affair with a convicted Russian agent. The turmoil has caused Overstock to drop. Shares are trading at $15.57 as of 4 p.m. ET, nearly half their valuation on Friday when shares were trading at a high of $29.39. In a blog post Byrne said his move to hard assets is a hedge against a "deteriorating world situation" and the ... (full story)
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