Citadel Securities has held 5.5% of Silvergate Capital's shares

ChainCatcher news, after the market maker giant Citadel Securities reported holding a 5.5% stake in the crypto-friendly bank Silvergate Capital, the stock price of Silvergate Capital surged. Citadel holds 1.7 million shares of Silvergate Capital, valued at over $25 million based on Monday's closing price. Previously, State Street Bank increased its stake in Silvergate to 9.3%.

It is reported that since the collapse of FTX, the bank has faced increasing scrutiny over the past few months. Due to the industry's "crisis of trust," Silvergate reported a net loss of over $1 billion in the fourth quarter. (The Block)