overstock do a $1mill a month in bitcoin.. and guess what, they only value the bitcoin in dollar. but never actually convert it to dollar. they are hoarding.
Overstock converts 90% to dollars, and holds about 10% as Bitcoins. Read their
10-Q.Even 10% of their sales is a lot considering that most of the BTC from their sales were likely specifically purchased for the explicit reason to spend on overstock or would have been sold on an exchange. In other words, a million in sales to overstock equals $100,000 in net additional purchases of BTC