Silvergate Stock Jumps After Firms Reveal Holdings in the Crypto Bank

Silvergate Capital stock was rising Tuesday after several firms disclosed holdings in the crypto bank. Susquehanna Advisors reported in a 13G filing with the Securities and Exchange Commission that it purchased a 7.5% stake, or about 2.37 million shares, in Silvergate (ticker: SI). Citadel Securities also disclosed in a 13G filing that it was a “market maker in the company’s options” and purchased about 1.73 million shares of the crypto bank, a holding of 5.5%.