August 26, 2019 Interim Overstock CEO, Johnathon Johnson, pledges to continue the company’s blockchain efforts.

Johnson, the head of Overstock’s blockchain subsidiary Medici Ventures, assumed the role of Interim CEO following Patrick Byrne’s abrupt resignation last week. Today’s statement confirms suspicions that Johnson’s promotion indicated Overstock’s commitment to its crypto endeavors. However, the remarks come alongside news that the company’s tZero crypto exchange project will not received a long-anticipated $100M investment led by Makara.