Block.one and the company's CEO jointly purchased 17% of Silvergate's shares

ChainCatcher news indicates that according to the documents submitted by Block.one to the U.S. Securities and Exchange Commission (SEC), the company's CEO Brendan Blumer purchased 2.9 million shares of the cryptocurrency bank Silvergate on November 16, accounting for 9.3%. It is reported that this acquisition made Blumer the largest shareholder of Silvergate. Meanwhile, Block.one also purchased 2.4 million shares of Silvergate, accounting for 7.5%.

It is reported that Silvergate announced earlier this year the acquisition of technology and other assets from Meta Platforms (formerly Facebook) for $182 million related to the stablecoin project Diem. (source link)