Susquehanna Advisors Group Buys 7.5% Stake in Silvergate, Following Citadel Securities

Susquehanna Advisors Group reported a 7.5% stake in crypto-friendly bank Silvergate Capital.

The Pennsylvania-based finance firm bought over 2.36 million shares in Silvegrate, a filing showed. Shares in the bank are trading higher today. SI soared 7% at the open after a buoyant pre-market session, driven higher following reports that Citadel Securities had taken a 5.5% stake in the bank.

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