Management has made it’s first investment into Silvergate Capital Corporation as part of its strategy to pursue investing in business and services that enable the adoption of blockchain and cryptocurrencies into the mainstream market.

Silvergate Capital Corporation (“Silvergate”), the holding company for Silvergate Bank, a California chartered commercial bank (the “Bank”), today announced it completed a private placement of 9.5 million shares of Silvergate common stock, generating gross proceeds of $114 million.

Source: Silvergate Capital Corporation Completes $114 Million Common Stock Sale