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Brendan Blumer, CEO of, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. That document, dated Nov. 23, listed Nov. 16 as the date of the transaction.

The purchase of nearly 3 million shares represents 9.27% of Silvergate stock. Blumer purchased 571,351 shares personally, and purchased 2,363,186. According to CNN, this deal will make them Silvergate’s largest shareholder.

@BrendanBlumer founder of EOS buys 9.27% of Silvergate Capital $SI + his company buys 7.64%

— yeezus (@yeezuscapital) November 23, 2022 raised a record-breaking $4 billion in its initial coin offering (ICO) for EOS in 2017-2018. Later, the United States Securities and Exchange Commission (SEC) charged with not registering its ICO. settled with the SEC for $24 million. was also the

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