Private Equity Firm GSR Capital Invests $270 Million in Blockchain Startup tZero


Hong‐Kong private equity company GSR Capital is set to invest a whopping $270 million in Overstock’s blockchain based startup tZero. According to a press release published on August 9, 2018 Overstock also confirmed that GSR Capital would make an additional investment of about $30 million in tZero’s ICO, thus pushing the total amount being invested in the blockchain startup to a staggering $134 million.

If the deal closes according to plan, it will be one of the single most significant investments in a blockchain startup. The announcement has already had an immediate impact on tZero’s stock price, shooting it up by more than 20 percent to $45.40 per share. The official press release on Overstock’s website mentions several points about the whole deal.

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