Block.one and its CEO become largest Silvergate Capital shareholders
Cointelegraph
Published Nov 23, 2022 05:05PM ET
Updated Nov 23, 2022 06:40PM ET
Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital (NYSE:SI), the holding company for Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. That document, dated Nov. 23, listed Nov. 16 as the date of the transaction.
The purchase of nearly 3 million shares represents 9.27% of Silvergate stock. Blumer purchased 571,351 shares personally, and Block.one purchased 2,363,186. According to CNN, this deal will make them Silvergate’s largest shareholder.
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Written By: Cointelegraph
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