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Byrne quickly gained a thorough understanding of this novel digital currency and the blockchain technology that underpins it, and he used this newly acquired expertise to form Medici Ventures. Byrne, who was then an Overstock.com subsidiary, used Medici's securities trading feature in 2015 to become the first individual to purchase a Bitcoin blockchain-based digital bond.
Byrne set another milestone in 2016 when Overstock.com became the first public business to list its shares on an ATS.