STATEMENT BY DIEM CEO STUART LEVEY ON THE SALE OF THE DIEM GROUP'S ASSETS TO SILVERGATE

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Go back to STATEMENT BY DIEM CEO STUART LEVEY ON THE SALE OF THE DIEM GROUP'S ASSETS TO SILVERGATE

Silvergate (SI) Stock Gains After Confirming Purchase of Meta's (FB) Diem Group Stablecoin Technology

February 1, 2022 8:44 AM EST

Silvergate 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