Broker and investment firm owned by famous American billionaire Ken Griffin Citadel Securitiescrypto friendly, which has not been on the agenda lately silvergate He bought part of his bank.
Citadel Securities announced that it has acquired 5.5% of Silvergate Bank through official channels. Following the news, the bank’s stocks traded on the New York stock exchange rose 5.3% to $15.50 with the opening of the session today.
With the upward movement in Silvergate shares today, the monetary value of Citadel’s share has reached approximately $25 million.
Silvergate is in Trouble!
There have been many negative developments for Silvergate, which has been on the agenda with the continuous decline in stock prices in recent months. The bank has undergone many investigations due to the allegations made after the bankruptcy of the FTX exchange.
Silvergate posted a net loss of $1 billion in the last quarter of the year as the crypto market also fell. Immediately after this development, managers took a series of measures to survive. The crypto bank announced that it had to lay off 40% of its employees, while suspending dividend payments in preferred stocks.
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