Who owns Silvergate capital?

Brendan Blumer, founder, and CEO of EOS developer Block.one, recently purchased a 9.3% stake in crypto bank Silvergate Capital (NYSE: SI). This acquisition makes Blumer the largest shareholder of the California-based digital asset institution.

Was Silvergate capital exposed to BlockFi?

Cryptocurrency bank, Silvergate Capital has publicly acknowledged that it wasn’t severely exposed to BlockFi, which recently filed for bankruptcy after getting liquidated. The bank claimed that its contact with BlockFi was only in the aspect of the firm’s deposits into the bank.

Is Silvergate undervalued?

It is best known for developing the EOS.IO protocol, which the company announced in 2017 and subsequently released as open-source software in 2018. In a press release, Block.one said it believed Silvergate was a consistent innovator whose share price was undervalued.