Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure

In November, Block.one and its CEO, Brendan Blumer, bought a 9.27% stake in Silvergate Capital (SI), upping that to 9.9% in December, according to Bloomberg, making them one of the bank’s biggest stockholders. On Wednesday, the Cayman Islands-based company said it had exited its stake in the bank.