Express

Silvergate Capital Suspends Dividends on Preferred Stocks

Katie Lin

Summary: Crypto bank Silvergate Capital has suspended dividends on its preferred stock, citing a need to preserve capital amid the volatile digital asset industry, according to reports by CoinDesk. As a result, Silvergate’s preferred stock fell more than 26% at $8.43 while its common shares fell 6% at $13.26. The bank's stock lost around 90% of ...

Crypto bank Silvergate Capital has suspended dividends on its preferred stock, citing a need to preserve capital amid the volatile digital asset industry, according to reports by CoinDesk.

As a result, Silvergate’s preferred stock fell more than 26% at $8.43 while its common shares fell 6% at $13.26.

The bank's stock lost around 90% of its value in 2022 following the fall of several crypto firms that year.

Author: Katie Lin

Last Update:

Tags: ,,,,
Link: Silvergate Capital Suspends Dividends on Preferred Stocks   [Copy]
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 1 days ago
  • The Value of Web3 Social, Explained 2 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 15 days ago
  • The Future of Blockchain: How Modularity is Revolutionizing the Industry 17 days ago
  • Parallelized EVMs: The Solana Killer? 21 days ago
  • You need to login to comment.