Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Tag: silvergate
Silvergate Shares Crash More Than 20% on Earnings Miss, Stablecoin Launch Delay
Silvergate will not be launching its stablecoin by the end of the year, the company said during Tuesday’s earnings call The publicly traded company reported quarterly earnings of $1.28 per share for t...
Equities slip lower as cryptocurrencies inch higher: This week in markets
Cryptocurrencies traded marginally higher over the last week, despite a robust jobs report. The U.S. added 263,000 new jobs in September, above expectations of 255,000 and below the previous month, wh...
Silvergate Bank Unaffected by Crypto Market Fall: Growth QTD Report
Silvergate Bank, a division of Silvergate Capital Corp, which provides financial services to entities in the digital currency ecosystem, has come off as one of the most impressive crypto-linked stocks...
Marathon Digital Refinances $100m Credit Facility from Silvergate Bank
Marathon Digital Holdings, Inc., a major US enterprise Bitcoin mining firm, announced on Monday that it has secured another $100 million line of credit from Silvergate Bank backed by Bitcoin (BTC). I...
While Silvergate Stock Crashed in Q2, Its Earnings Crushed: Here’s Why
The stock is down around 1.15% at the 5-day view. But for the 30-day period ending Friday, SI has rallied some 74% to a 6-month capitulation of 13%. Silvergate shares were trading for $93.29. Why One ...
Digital Asset Macro Environment | Q2’22 Update
July 29, 2022, 1:06PM EDT • 1 min read Quick Take Update on Q1’22 Digital Asset Macro Environment(1) Analysis and impact of current inflation market Wall Street remains bullish long term on public dig...
CEO of Silvergate Bank Remains Bullish on Bitcoin Lending but Cites Short-Term Pain for Crypto
Silvergate Bank CEO said that their Bitcoin lending continues to grow strongly while referring to the recent market volatility as a good stress test. Last week, Bitcoin and the broader cryptocurrency ...
Silvergate CEO anticipates near-term crypto hardship but is upbeat on bitcoin lending
Silvergate Capital, a crypto-focused bank, believes that the bear market affecting the whole crypto industry is not over yet. Furthermore, their CEO feels the effects could get adverse in the coming q...
Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending
Shares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks including exchang...
Silvergate Crypto Deposits Remain Healthy
Silvergate managed to increase its customer base from 1503 to 1585 Silvergate Capital Corporation reported a constant flow of crypto stores in the subsequent quarter The target price for Silvergate’s ...
Silvergate Q2’22 Earnings Update
July 20, 2022, 3:35PM EDT • 3 min read Quick Take Market intelligence series includes our latest on Celsius, Voyager and BlockFi Silvergate Capital closed at $79.60 per share, reflecting a +22.4% rall...
Silvergate Capital Pre Q2’22 Earnings Analysis
July 13, 2022, 4:58PM EDT • 2 min read Quick Take This is part of The Block Research’s Market Commentary series Secondary and third order effects of the LUNA/UST collapse and subsequent liquidations ...
Silvergate Capital stock is a ‘Buy’ according to this analyst
The Silvergate Capital (SI) stock is a buy, Wells Fargo said in a note on Monday. According to the Wall Street analyst, Silvergate has potential for further growth and adoption in the crypto space, a ...
Bitcoin Anarchy Tagging Along Silvergate Capital And Coinbase Digital
Crypto’s recent downtrends have given rise to skepticism regarding the future of the digital assets market. Bitcoin’s price volatility also impacts other entities, for instance, Coinbase Digital, Sil...
Is MicroStrategy Runs Risks Getting Liquidated On Its $205 Million Silvergate Loan?
As the price of the leading cryptocurrency by market cap, Bitcoin, declined, crypto enthusiasts speculate whether Microstrategy runs the risk of getting liquidated on its $205 million Silvergate loan....
Saylor Pledges More Bitcoin to Back Loan From Silvergate Following Price Drop
Michael Saylor, CEO, and co-founder of MicroStrategy reassures lender Silvergate Bank that the company will post alternative collateral for a $205M loan should BTC dip below $3,562. As bitcoin tracked...
Why did the stock price of Silvergate Capital surge this week?
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Is the reason behind Silvergate Capital’s growth its stablecoin initiative?
When the crypto bank seemed recently to have its earnings growing in past months it was then assumed that it would be because of its stablecoin initiatives Silvergate Capital has reported to have a su...
Silvergate Q1 Revenue Surges Despite Falling Crypto Trading Activity
Silvergate Bank – a bank dedicated to serving crypto industry institutions – saw its Q1 income nearly double over last year’s figures. However, it also reports falling BTC and ETH spot trading volume ...
Silvergate Bank Earns Nearly $60m in Q1, Net Income Hits $24.7m
American Commercial bank Silvergate Capital, a bank focused on digital currencies, reports financial results for the first quarter of 2022. According to the financial report, the company’s Q1 re...
Crypto-focused bank Silvergate revenue soars 90% despite declining institutional interest
Although institutional interest in cryptocurrencies saw a major decline in the first quarter of 2022 due to the market being in a weak spot, it was a profitable period for institutional crypto-fiat ga...
Silvergate Bank surprises investors with Q1 Earnings, SI Stock Up 14%
On Tuesday, April 19, crypto-focused Silvergate Bank (NYSE: SI) reported stellar earnings for the first quarter of 2022. As the result, the bank’s SI stock registered the highest surge in more than a ...
Silvergate says its crypto customer base grew to more than 1,500 in 2022’s first quarter
The crypto-focused customer base of Silvergate Bank grew to more than 1,500, according to the first-quarter results published Tuesday. “Digital currency customers grew to 1,503 at March 31, 2022...
Silvergate Bank revenue soars in Q1 as institutional crypto trading activity falls
On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew...
Silvergate Bank Loans MicroStrategy $205M With BTC as Collateral – crypto.news
Earlier today, Silvergate Capital Corporation announced a $205M loan from Silvergate Exchange Network (SEN) to MicroStrategy that has BTC as collateral. MacroStrategy LLC is a subsidiary of mobile tec...
MicroStrategy Secures Bitcoin-collateralized Loan from Silvergate Bank to Buy $250M Worth BTC
MicroStrategy said that it will use these funds towards making additional BTC purchases to its already existing pile of 125,000 Bitcoins. Business intelligence firm MicroStrategy which already holds m...
MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin
MacroStrategy, a subsidiary of MicroStrategy, a US business software firm, announced Tuesday that it secured a $205 million term loan from Silvergate Bank, a crypto-focused bank. The loan was offered ...
MicroStrategy Subsidiary Borrows $205 Million from Silvergate Bank to Buy Bitcoin
Yuri Molchan A subsidiary of Michael Saylor’s company has taken a Bitcoin-collaterized loan to stock up on BTC Disclaimer: The opinion expressed here is not investment advice – it is provided fo...
MicroStrategy to Buy More BTC Following $205M Bitcoin-Collaterized Loan From Silvergate
Silvergate Bank has provided a $205 million term loan, collateralized by BTC holdings, through its SEN leverage program to MicroStrategy’s subsidiary – MacroStrategy. The company wants to use the fund...
Silvergate Bank Hires Aave General Counsel Rebecca Rettig as Board of Director
Rebecca Rettig, a general counsel for Aave Companies, the team behind decentralized finance (DeFi) platform Aave, is assuming a new role at Silvergate bank, a leading bank for innovative businesses in...