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Why Silvergate Capital Stock Soared 35% in October
Silvergate Capital (NYSE: SI), the holding company for Silvergate Bank, saw its stock price climb 35.6% in October, according to S&P Global Market Intelligence. This fintech, a bank and exchange for digital currency institutional investors, far outpaced the Nasdaq Composite, which was up 7% in the month. Silvergate is up about 188% year to date as of Nov. 8, trading at about $214 per share.