Blackrock recently invested in a holding company and Crypto bank, Silvergate Capital Corporation.
According to CNBC, Shares of Silvergate rose to 9.96% after their January filing that went public.
Reports show that BlackRock's holdings increased to 7.2%, up from the 5.9% it had reported earlier, the filing showed.
"Silvergate Capital Corporation is a holding company for Silvergate Bank (the Bank). The Bank is a provider of financial infrastructure solutions and services for the digital currency industry." This information comes directly from silvergate.com.
Cultured:
This is the kind of raw meat that keeps swing traders and crypto gurus optimistic about cryptos' future. When the big money invests in crypto, it usually means big swings (mostly positive) in its price.
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