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MicroStrategy, Tether Adds to firms Distancing from Silvergate as Stock Dives 57%

Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank. The news comes after Silvergate announced on March 1 that it would postpone filing its annual 10-K financial report, which has many fearing the cryptocurrency bank may be on the brink of a bankruptcy filing. This led MicroStrategy — which holds over 130,000 Bitcoin— to confirm that its BTC collateral is not custodied with Silvergate. (Cointelegraph)

Bitcoin Bitcoin $94,429.70
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