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Silvergate Capital shares jump after BlackRock reports increased stake in the crypto bank - TL;DR CNBC

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 strategysilvergate capital corpmarketsbusiness news

Source: https://www.cnbc.com/2023/01/31/silvergate-capital-shares-jump-after-blackrock-reports-increased-stake-in-the-crypto-bank.html


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