$4.3 Billion Loan from Federal Bank

Silvergate Capital By Aman jain 10.1.2023

Silvergate Capital is a new hedge fund and its strategy is to use Bitcoin as the main investment tool.

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It is known as the premier cryptocurrency hedge fund and it is expected to be the next crypto hedge fund.

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Due to the collapse of FTX every user took out the money from the Silvergate platform

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Due to this all the funds from the investors will be taken by Silvergate and there will be a loss to the investors

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Due to all these things Silvergate took a loan of $4.3 billion from the Federal bank of san Fransisco

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They took this loan last year to handle the current company situation.

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