Beyond, Inc. (NYSE:BYON) (the "Company"), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, today announced that it provided a letter to tZERO's management and Board of Directors requesting immediate action to create shareholder value.

Marcus Lemonis, Executive Chairman and Principal Executive Officer, commented, "After experiencing the capabilities at tZERO through two solid token offerings, assessing the favorable market conditions for peers in this space, and having increased confidence in tZERO's management team, we believe the time is now for tZERO to improve shareholder value by evaluating various options to become a listed company, whether directly, through an IPO, or via a special purpose acquisition company, on the New York Stock Exchange." According to Lemonis, a letter was sent to tZERO today on behalf of the Company's executive management and Board of Directors demanding immediate due diligence and a call to action. Lemonis concluded, "With its regulatory infrastructure, leadership, backing, and innovative framework, tZERO is poised and ready to enter this blockchain-favorable market."

The Company's Letter to tZERO Board of Directors:

Dear Members of the Board of Directors,

I hope this message finds you well. On behalf of Beyond, Inc.'s executive management and its Board of Directors, I want to outline our expectation that the tZERO ("T0") management team and Board of Directors explore opportunities to create shareholder value in this blockchain-favorable market for its longstanding investor base. We believe the best current opportunity is to explore taking T0 public through an Initial Public Offering or alternative on the New York Stock Exchange. After years of substantial investment, increased innovation, and shareholder patience, we believe T0 is at an exceptional inflection point—ready for the market stage supported by a favorable blockchain-friendly backdrop.

Why the Right Time is "Now"

• Unique, fully regulated ecosystem: T0 boasts end-to-end blockchain-based capabilities—from ATS trading and transfer-agent services to SEC/FINRA-approved digital asset custody—placing it among only two U.S. broker-dealers with such approved infrastructure.
• Strategic backing: ICE (parent company of NYSE) led its last capital raise and brings unmatched institutional credibility.
• Unlock latent value: In a public structure, T0's differentiated assets will be far more visible and valued by the capital markets.
• Recent productive token offerings: Beyond's subsidiaries have now participated in two productive token offerings using T0's platform, the most recent of which will be the subject of another press release issuing this week, resulting in positive coverage in favor of T0.

Favorable Market Backdrop

• ReserveOne, a crypto treasury platform, recently announced a $1 billion SPAC deal to go public, signaling strong investor appetite.
• Fintech platforms like Forge Global and EquityZen have already chosen public paths via SPACs.
• Public valuations commonly reach multiples in the $1–$2 billion+ range for companies with similar regulated infrastructures.

Public Markets Provide Access and Value

1. Broader access to capital.

2. Public Board Governance and enhanced board diversification.

3. Immediate liquidity opportunity to support ongoing investment and fund future innovation.

4. More visible acquisition optionality & credibility.

Joint Investor Alignment Supported by Management Strength

Beyond, ICE, and tZERO's preferred shareholders share a unified goal: a stronger public-market T0 that advances digital securities, accelerates product adoption, and rewards stakeholders meaningfully.

T0's current management team has a deep understanding of the digital asset landscape and has demonstrated the ability to navigate the complexities of this evolving market while continuing to drive innovation. This gives us confidence that T0 can thrive as a public company.

Beyond, Inc.'s current Board of Directors brings value to this potential transition as it is positioned to introduce T0 to a network of strategic partners to help facilitate deal flow and growth opportunities through its extensive business relationships and industry access.