Silvergate: This bitcoin bank’s stock has jumped nearly 1,300% in just over a year

Shares of Silvergate Capital (SI) are up more than 120% so far this year -— and the stock has skyrocketed nearly 1,300% since going public in November 2019.
Increasingly more financial services firms, such as Bank of New York Mellon (BK), Visa (V), MasterCard (MA) and BlackRock (BLK), are starting to embrace bitcoin. But arguably no bank is as “all-in” on crypto as Silvergate.
CNN Business spoke to Silvergate CEO Alan Lane about the bank’s bitcoin business and what he predicts next for the…

Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *