Share this article
Silvergate Capital May Expand Its Bitcoin Lending Program, CEO Says
The comment came after the bank reported earnings that beat estimates, sending its shares up 13%.
Updated May 11, 2023, 4:00 p.m. Published Apr 19, 2022, 5:17 p.m.
Silvergate Capital (SI) is willing to “entertain more opportunities” to expand its bitcoin lending program, CEO Alan Lane said Tuesday on the company’s post-earnings conference call.
- Last month, Silvergate made a $205 million bitcoin-backed loan to MicroStrategy (MSTR), a software company that is led by bitcoin supporter Michael Saylor, and the bank is looking to do more. “It’s a great time to be a bitcoin banker," Lane said on the call.
- The MicroStrategy loan came via Silvergate’s Silvergate Exchange Network Leverage Program, a platform set up to make loans against bitcoin held on a company's balance sheet.
- Silvergate also said its plan to launch a stablecoin this year remains on track, though no exact timing was given. Management said it's figuring out how to manage reserves for the coin.
- In January, Silvergate announced it was purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) first announced as Libra in June 2019.
- Shares of Silvergate were recently up 12.6% as the company reported per-share earnings for its first quarter that topped analysts' estimates.
Read more: Silvergate Bank's Q1 Net Income Nearly Doubles to $24.7M
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Más para ti
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Lo que debes saber:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
