Silvergate Capital (NYSE:SI) ticked up 0.8% on a report that speculated that the crypto bank could become a takeover target. Silvergate (SI) was mentioned as a potential takeover play in a longer Dealreporter piece that looks at possible consolidation in the crypto space. The article discusses how their likely will consolidation among crypto exchanges. Silvergate (SI) could be a possible target as its stock has dropped by two-thirds from November highs and it has a traditional banking license, according to the Dealreporter item. Silvergate (SI) short interest is 11.5%. On Monday, Crypto bank Silvergate Capital landed an overweight rating from Wells Fargo on rising rates.
SEC Hosts First-Ever Crypto Roundtable Today
