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Silvergate Capital shares jump after BlackRock reports increased stake in the crypto bank

Silvergate Capital shares jump after BlackRock reports increased stake in the crypto bank

Silvergate Capital jumped on Tuesday afternoon after BlackRock reported a 7% stake in the crypto bank.

9:31 PM · Jan 31, 2023

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@GregKingOsprey

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I’m going to guess it’s indexing. Buy more of the low price stock, sell some of the high price stock at rebalance time.