Block.One Unwinds Silvergate Liquidity Position ដែលមានការបាត់បង់ 83 លានដុល្លារ

Amid the major liquidity crisis, Silvergate Bank (NYSE: SI) decided to ប្រតិបត្តិការធ្លាក់ចុះ and move into liquidation. This is one of the first and major high-profile blow up in the traditional banking space driven by the crypto turmoil.

EOS parent company Block.One, backed by legendary investor Peter Thiel, has finally booked a massive $83 million in its equity position in Silvergate Capital.

It stated that they decided to exit the position following Silvergate’s announcement of liquidation. The official សេចក្តីប្រកាស from Block.One reads:

“While we are disappointed with this outcome, we remain unwavering that banks and other financial institutions embracing the digital asset and cryptocurrency sectors are well-positioned to use technology to advance the capabilities of both the traditional financial services and the new burgeoning digital asset economy to better serve the needs of the public”.

As of December 31st, 2022, Block.one CEO Brendan Blumer and his company had a combined stake of 9.9% stake in Silvergate Bank. As per the SEC filings, it was approximately worth $95 million as of the stock price back then.

The CEO had first built a huge equity position of $92 million back in November. He added a few more later on December 31st. Unfortunately, this was exactly when troubles for Silvergate Bank started escalating.

On Thursday, March 9, the SI stock tanked a massive 42% closing at $2.84. The SI stock price has collapsed more than 83% year-to-date leading to a massive wealth erosion for Block.One

Silvergate Drags Crypto Market Down

The tremors of Silvergate’s collapse spread across the entire crypto industry. Bitcoin (BTC) is down 8.39% in the last 24 hours and is currently trading at $19,926 and a market cap of $384 billion.

Altcoins have faced an even more severe correction with Ethereum (ETH) and others tanking 7-10%. Apart from Silvergate Bank, the concerning macro trends and fall on Wall Street contributed to further selling pressure for Bitcoin and the crypto space. Also, the Biden administration is going hard after crypto investors as per the recent US budget.

Bhushan គឺជាអ្នកចូលចិត្ត FinTech និងមានការយល់ដឹងល្អអំពីទីផ្សារហិរញ្ញវត្ថុ។ ចំណាប់អារម្មណ៍របស់គាត់ចំពោះសេដ្ឋកិច្ចនិងហិរញ្ញវត្ថុទាក់ទាញការយកចិត្តទុកដាក់របស់គាត់ចំពោះទីផ្សារ blockchain Technology និង Cryptocurrency ដែលកំពុងរីកចម្រើនថ្មី។ គាត់កំពុងបន្តរៀនសូត្រហើយបន្តលើកទឹកចិត្តខ្លួនឯងដោយចែករំលែកចំណេះដឹងដែលគាត់ទទួលបាន។ ពេលទំនេរគាត់អានប្រលោមលោករឿងប្រឌិតបែបកំប្លែងហើយពេលខ្លះស្វែងយល់ពីជំនាញធ្វើម្ហូបរបស់គាត់។

ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។

Source: https://coingape.com/eos-parent-block-one-books-83-million-loss-on-silvergate-equity-position/