Billionaire George Soros’s family office disclosed a bet against Silvergate Capital Corp., a bank facing increasing public scrutiny over its ties to Sam Bankman-Fried’s bankrupt business empire and the broader cryptocurrency industry.
Soros Fund Management held put options on 100,000 shares of Silvergate, with a market value of $1.74 million, as of Dec. 31, according to a regulatory filing. The trade would turn a profit should shares drop beneath a certain level that wasn’t disclosed in the filing, and no expiration date for the options was given.
George Soros speaks at the World Economic Forum in Davos, Switzerland, on May 24, 2022.
Photographer: Jason Alden/Bloomberg
Soros Fund Management, based in New York, didn’t ...
