Silvergate suspends dividends to preserve ‘highly liquid balance sheet’ By Cointelegraph

California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.”

In a Jan. 27 announcement, the firm stated that it is halting “the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to preserve capital.”