Cryptocurrency-friendly bank that liquidated in 2023.
Location
Los Angeles, CA, US
Founded
1988
Silvergate Bank, a cryptocurrency-friendly institution, provided financial infrastructure solutions and commercial banking services, including certificates of deposit, business savings, checking, money market, cash management, online banking, and merchant card processing. The bank primarily served customers in California and was known for its innovative banking platform tailored to entrepreneurs. Silvergate Bank engaged in investment rounds such as post-IPO debt and debt financing.
Notable portfolio companies include MacroStrategy, Marathon Digital Holdings, and MicroStrategy, each raising significant capital through Silvergate's investment rounds. The bank's key partners and decision-makers were instrumental in fostering relationships within the cryptocurrency sector. Silvergate Bank distinguished itself by offering unique value-add services that catered specifically to the needs of digital currency businesses, although it liquidated in 2023.
Silvergate Bank - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
