02:07 PM EDT, 09/02/2025 (MT Newswires) -- Bed Bath & Beyond ( BBBY ) asked blockchain technology firm tZero's board to replace its chief executive officer, David Goone, citing a "lack of visible progress in the business."

In a letter to tZero's board, the retailer, the fintech company's largest equity holder, called for the board to convene within the next 48 hours to consider the leadership change and provide an update on the outcome.

"The marketplace is presenting multiple opportunities, from tokenization portfolios to investment partners ready to participate," Marcus Lemonis, Bed Bath & Beyond ( BBBY ) executive chairman, said in the letter, according to a Tuesday statement. "We must seize this moment."

Goone is a former executive at Intercontinental Exchange ( ICE ) , which owns a stake in tZero.

TZero did not immediately reply to a request for comment from MT Newswires.

Bed Bath & Beyond ( BBBY ) shares fell 7.4% in recent Tuesday trading, and Intercontinental Exchange ( ICE ) dropped 1%.

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