Ken James | Bloomberg | Getty Pictures
A United Parcel Carrier Inc. (UPS) employee loads orders onto a truck in the transport discipline on the Overstock.com Inc. distribution heart in Salt Lake Metropolis, Utah.
Shares of Overstock.com dropped greater than 10 percent in pre-market shopping and selling Thursday after the e-commerce retailer that’s developed cryprocurrency operations in the closing year disclosed that the Securities and Alternate Price is investigating the company over digital tokens.
Overstock.com’s subsidiary tZero is elevating $250 million by a token sale and is launching a digital token substitute. The firm says it has a license for yet every other shopping and selling system by yet every other acquisition.