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Why Is Crypto-Linked Stock Silvergate Capital Soaring Today?
Tuesday, January 17, 2023 - 12:08pm | 414Silvergate Capital Corp (NYSE: SI) shares are up more than 25% Tuesday morning after the company reported fourth-quarter financial results. What Happened: Silvergate reported adjusted fourth-quarter earnings of 48 cents per share, which missed average analyst estimates of 81 cents per share....
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Silvergate Capital Shares Plummet Over 45% After Massive Customer Withdrawals
Thursday, January 5, 2023 - 12:11pm | 456Shares of crypto-focused bank Silvergate Capital Corp (NYSE: SI) plummeted by more than 47% on Thursday, after the bank released preliminary fourth-quarter results that showed a significant drop in customer deposits. What Happened: Digital asset deposits decreased from $11.9 billion...
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Bitcoin, Crypto Bank Silvergate Says Exposure To Bankrupt BlockFi Limited To $20M: Can 'Handle Stress And Volatility'
Tuesday, November 29, 2022 - 7:54am | 404Silvergate Capital (NYSE: SI), a crypto institutional services provider, said that it is minimally exposed to the bankrupt BlockFi crypto lending firm. What Happened: According to Silvergate, the exposure to BlockFi is limited to less than $20 million of its total deposits from all digital asset...