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Overstock.com to launch massive ICO

Overstock.com CEO Patrick Byrne. Photo: Al Schaben / Getty Images

E-commerce veteran Overstock.com is planning to sell up to 500 million digital tokens via an initial coin offering that will launch next month, CEO Patrick Byrne announced today at the Money 20/20 conference in Las Vegas.

Why it matters: This is intended to become the largest ICO of all time, topping the $257 million raised by FileCoin in August.