Coinbase, MicroStrategy and Other Crypto Stocks Finally See Some Relief After Recent Losses
Shares of many crypto-related stocks had been battered during the week.
Shares of many crypto-related stocks had been battered during the week.
The comment came after the bank reported earnings that beat estimates, sending its shares up 13%.
The first-quarter earnings per share of $0.79 was also an increase of over 40% compared with the $0.55 figure of a year ago.
The investment bank also sees headwinds for Coinbase and Silvergate Capital to show up in first-quarter results.
The term loan can also be used for general corporate purposes.
The crypto bank is one of the best positioned companies to benefit from the expanding use of stablecoins, the report said.
The lawyer says “there will be lots of opportunities” for Silvergate to serve as a partner to those building in DeFi.
The lender recently bought Meta’s stablecoin tech and assets.
The crypto-focused bank plans to launch a stablecoin by the end of the year.
Facebook (now Meta) is officially winding down the stablecoin project it announced in June 2019.