Silvergate Capital shares jump after BlackRock reports increased stake in the crypto bank
Publishing timestamp: 2023-01-31 16:31:10
Summary
BlackRock increased its stake in Silvergate Capital, a crypto-focused bank, and Silvergate shares jumped on Tuesday afternoon. Despite a strong January rally in cryptocurrencies and related stocks, Silvergate has been struggling in the aftermath of a scandal involving one of its customers. BlackRock, the world's largest asset manager, has maintained a positive stance towards crypto and blockchain technology.
Sentiment: POSITIVE
Tickers: SI,
Keywords: investment strategy, silvergate capital corp, markets, business news,