Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.
Silvergate posted its fourth-quarter results on Tuesday, reporting a net loss of $1 billion for the latest quarter of 2022, compared with a net income of $40.6 million for the third quarter and a net income of $18 million for the same period a year earlier….
Read More: Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon