Home > NEWS > Ken Griffin's Citadel reveals 5.5% stake in crypto bank Silvergate

Ken Griffin's Citadel reveals 5.5% stake in crypto bank Silvergate

Citadel Securities, the market maker that is part of Ken Griffin's Citadel investment firm, on Tuesday reported a 5.5% stake in cryptocurrency-focused lender Silvergate Capital Corp worth about $25 million, according to a regulatory filing. Shares in Sil

Citadel Securities, the market maker that is part of Ken Griffin's Citadel investment firm, on Tuesday reported a 5.5% stake in cryptocurrency-focused lender Silvergate Capital Corp worth about $25 million, according to a regulatory filing. Shares in Silvergate jumped after the disclosure, and were last up about 14%. Silvergate has been seeking to ease investor concerns over its future, after reporting a $1 billion loss for the fourth quarter because crypto exchange FTX's bankruptcy shook confidence in the digital asset sector.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Why can Bitcoin make money? Is Bitcoin's fixed investment profitable?

For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves

VIDEO

NEWS

Tue, 18 Apr 2023

More