fizzik
2023-04-03

After seeing Coinbase show that their deposits were actually up for the quarter I think it’s becoming safer to say that the 180 million provision for future bond sales SI set up last quarter will be an overstated provision. That they didn’t need to sell as many bonds this quarter than they thought. And thus their future related write down was too much. I’m actually expecting a better earnings over the past 30 days. So in my opinion this one is worth holding through the earnings release and stacking up hard before it. $Silvergate Capital(SI)$

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