Overstock Surpasses $1M in Bitcoin Purchases

Mt. Gox may have gone bankrupt and roiled the digital currency market last week, but Overstock.com says Bitcoin has triggered a boost in new customers. The e-commerce giant announced Tuesday that it's sold more than $1 million in product to Bitcoin users since the site started accepting the virtually untraceable cryptocurrency on Jan. 9. What's more, it estimates that some 60 percent of the 4,300 Bitcoin transactions over the last two months have been from new customers, helping to drive sales and traffic.