Block.one and its CEO become major shareholders of Silvergate Capital
Block.one, the original developer of the EOSIO blockchain platform, bought Silvergate, which bought the Diem stablecoin project from Meta, joined.
![Block.one and its CEO become largest Silvergate Capital shareholders](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZGFhOTk4ZjQtYzU5Ny00MTk3LTk2NWMtZTJhZjJjODA0MjA1LmpwZw==.jpg)
Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS coin (EOS), took a stake in Silvergate Capital, the holding company of Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. This document, dated November 23, listed November 16 as the date of the transaction.
The purchase of nearly 3 million shares represents 9.27% of Silvergate shares. Blumer personally purchased 571,351 shares and Block.one purchased 2,363,186 shares. According to CNN, this deal will make them Silvergate's largest shareholder.
@BrendanBlumer founder of EOS buys 9.27% of Silvergate Capital $SI + his company https://t.co/tZqWL2yAx6 buys 7 .64%https://t.co/Wh64Odn9Nr
— yeezus (@yeezuscapital) November 23, 2022Block.one raised a record $4 billion in its initial coin offering (ICO) for EOS in 2017-2018. Later, the United States Securities and Exchange Commission (SEC) accused Block.one of not registering...
![Block.one and its CEO become major shareholders of Silvergate Capital](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZGFhOTk4ZjQtYzU5Ny00MTk3LTk2NWMtZTJhZjJjODA0MjA1LmpwZw==.jpg?#)
Block.one, the original developer of the EOSIO blockchain platform, bought Silvergate, which bought the Diem stablecoin project from Meta, joined.
![Block.one and its CEO become largest Silvergate Capital shareholders](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZGFhOTk4ZjQtYzU5Ny00MTk3LTk2NWMtZTJhZjJjODA0MjA1LmpwZw==.jpg)
Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS coin (EOS), took a stake in Silvergate Capital, the holding company of Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. This document, dated November 23, listed November 16 as the date of the transaction.
The purchase of nearly 3 million shares represents 9.27% of Silvergate shares. Blumer personally purchased 571,351 shares and Block.one purchased 2,363,186 shares. According to CNN, this deal will make them Silvergate's largest shareholder.
@BrendanBlumer founder of EOS buys 9.27% of Silvergate Capital $SI + his company https://t.co/tZqWL2yAx6 buys 7 .64%https://t.co/Wh64Odn9Nr
— yeezus (@yeezuscapital) November 23, 2022Block.one raised a record $4 billion in its initial coin offering (ICO) for EOS in 2017-2018. Later, the United States Securities and Exchange Commission (SEC) accused Block.one of not registering...
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