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SI / Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M

Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing unnamed sources with insider information. Now rebranded as Meta Platforms, Facebook launched its blockchain-based payment system and cryptocurrency project in 2019 with the name Libra. Read More

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Posted: Jan 27 2022, 13:18

Author Name: PYMNTS

SI News

By InvestorPlace
April 11, 2023

Even Daredevils Should Avoid Silvergate Capital (SI) Stock

Before you jump into a hasty trade with Silvergate Capital (NYSE: SI ) stock, think carefully and consider the risks involved. Silvergate Capital is a

By Zacks Investment Research
March 31, 2023

Silvergate Capital Corporation (SI) Flat As Market Gains: What You Should Know

In the latest trading session, Silvergate Capital Corporation (SI) closed at $1.62, marking no change from the previous day.

By InvestorPlace
March 28, 2023

SI Stock Alert: Short Squeeze Hopes Drive Silvergate Higher

Silvergate Capital (NYSE: SI ) stock is on the rise Tuesday as a potential short squeeze rally boils behind the scenes. Traders have been hoping for a

By The Motley Fool
March 28, 2023

Did MicroStrategy Find a Silver Lining in Silvergate's Meltdown?

MicroStrategy repaid its Silvergate loan early due to the bank's collapse, without prepayment fees and at a 21% discount. Silvergate investors sent th

By InvestorPlace
March 27, 2023

Is a Giant Short Squeeze Brewing in Silvergate (SI) Stock?

Although deeply embattled, crypto-friendly bank Silvergate Capital (NYSE: SI ) is managing to pop conspicuously higher against an otherwise soft opene

By Market Watch
March 27, 2023

Microstrategy pays off $205 million Silvergate loan, buys $150 million worth of bitcoin: SEC filing

Macrostrategy, which is a wholly-owned subsidiary of software firm Microstrategy, has paid off a $205 million loan to Silvergate Bank, according to a

By The Motley Fool
March 27, 2023

Why Shares of Silvergate Capital Are Rising (Again) Today

A MicroStrategy subsidiary fully repaid a term loan that was collateralized by Bitcoin. Investors may view the news as positive for the bank's planned

By WSJ
March 27, 2023

Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups

As crypto companies have scrambled to establish new bank relationships, industry executives say they have received a positive reception from some regi

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