Exploring Silvergate Capital – Increase of 30% in Stock Prices


Silvergate Capital Corp SI Shares are up by 30.23% to $2.24 Monday morning following the MicroStrategy Inc MSTR voluntary repayment of its Silvergate Bank loan. MicroStrategy prepaid $161.0 Million.

What’s Going On?

The Term Loan was granted in accordance with a Credit And Security AgreementDated as of March 23, 2022 between Microstrategy And Silvergate and was collateralized by certain bitcoin owned by Microstrategy as well as a $5.0 million cash reserve account.

Also See: Why NuCana Shares Are Dropping

Silvergate agreed to accept $161 million in full repayment of the Term Loan along with all other obligations under the Credit Agreement and related loan documents.

According to Get data from Benzinga ProSI has a 52 week high of $162.64 at $1.10 and a low 52 weeks at $1.10.

Are you ready to discover the mysteries of decentralized finance and security in crypto markets?
Crypto Unlocked
, Benzinga’s brand new series of virtual crypto events Don’t miss out on this chance to learn from the experts and join other crypto fans — sign up and turn on notifications for
Crypto Unlocked Watch YouTube Now

Related articles

Recent articles