By CryptoNews - 1 year ago - Reading Time: 1 minutes
Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon
Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.Silvergate posted its fourth-quarter results on Tuesday, reporting a net loss of $1 billion for the latest quarter of 2022, compared with a net income of $40.6 million for the third quarter and a net income of $18 million for the same period a year earlier....
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Original source: CryptoNews