STATEMENT BY DIEM CEO STUART LEVEY ON THE SALE OF THE DIEM GROUP'S ASSETS TO SILVERGATE
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Silvergate (SI) Stock Gains After Confirming Purchase of Meta's (FB) Diem Group Stablecoin Technology
February 1, 2022 8:44 AM ESTSilvergate Capital (NYSE: SI) shares gained 8% in pre-open trading Tuesday after the company confirmed it bought the intellectual property and other technology assets of Meta Platforms' (NASDAQ: FB) Diem Group.
Silvergates said the deal bolsters its technical capabilities and enhances... More
