Patrick ByrnePatrick M. Byrne (born 1962, Fort Wayne, Indiana,) is an American entrepreneur, e-commerce pioneer, CEO and chairman of Overstock.com. In 1999, Byrne took control of the company, then called D2: Discounts Direct, and changed its name to Overstock. He had previously served shorter terms leading two smaller companies, including one owned by Warren Buffett's Berkshire Hathaway.In 2002, Byrne took Overstock.com public. Since the initial public offering, the company has since increased its revenue to over $1 billion a year, and achieved full profitability in 2009.Beginning in 2005, Byrne become known for his campaign against the practice of naked short selling. Byrne says it has been used in violation of securities law to hurt the price of his and other companies' stock. Under his direction, Overstock.com has filed two lawsuits alleging improper acts by Wall Street firms, a hedge fund, and an independent research firm

Overstock.com & BitcoinBitcoin is a cyber currency that has existed for years as a kind of Internet oddity, counting supporters among tech-savvy libertarians, currency geeks and online speculatorsOverstock.com has become the first major retailer to accept digital Bitcoins as payment for goods.The $1 billion company is tapping into a new market of buyers who use the online currency. Bitcoin users buy digital money and load it onto a virtual wallet. They can buy things online without having to enter their credit card information. Unlike government-issued money, the value of Bitcoin fluctuates rapidly. So, to protect itself, Overstock uses a Bitcoin broker that immediately transfers the digital coin into dollars.After, Overstock started accepting Bitcoin, the virtual currency, in January 9, Byrne said the company almost immediately grossed US$100,000 in Bitcoin orders.