This bitcoin bank’s stock has jumped nearly 1,300% in just over a year

CNN | Feb 22, 2021 at 7:06 PM
  • New York (CNN Business)The boom in bitcoin prices is giving a huge lift to a California bank that accepts cryptocurrency deposits and doles out bitcoin-backed loans.
  • Shares of Silvergate Capital (SI) are up more than 120% so far this year -— and the stock has skyrocketed nearly 1,300% since going public in November 2019.
  • CNN Business spoke to Silvergate CEO Alan Lane about the bank’s bitcoin business and what he predicts next for the world of crypto.