Silvergate bet everything on crypto, then watched it evaporate
NEW YORK: Silvergate Capital Corp spent its final days under siege.
The Times of India ·
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The Latest Breaking News from Silvergate Capital Corp
Loan Against Bitcoin? MicroStrategy Subsidiary Borrows $205M Against Bitcoin From Silvergate Bank
Silvergate Capital Corp's (NYSE:SI) Silvergate Bank issued a $205 million term loan under its Silvergate Exchange Network (SEN) Leverage program to MicroStrategy Inc's (NASDAQ:MSTR) subsidiary, MacroStrategy LLC. MacroStrategy collateralized the loan with its Bitcoin holdings. The interest-only term loan to the MacroStrategy subsidiary matured in March 2025. MicroStrategy owned about $2.5 billion in Bitcoin at the end of…
Benzinga ·
Cathie Wood Loads Up In This Crypto Stock As It Crashes 25% On Tuesday — These Are Other Key Trades
Cathie Wood’s Ark Investment Management on Tuesday raised its exposure in Silvergate Capital Corp (NYSE: SI) on the day shares of the cryptocurrency bank plummeted after reporting lower-than-expected quarterly results on higher expenses.
Benzinga ·
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