{"id":132531,"date":"2020-12-13T21:02:00","date_gmt":"2020-12-13T18:02:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/after-microstrategy-downgrade-analysts-recommend-smallcap-crypto-centric-bank\/"},"modified":"2020-12-13T21:02:00","modified_gmt":"2020-12-13T18:02:00","slug":"after-microstrategy-downgrade-analysts-recommend-smallcap-crypto-centric-bank","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/after-microstrategy-downgrade-analysts-recommend-smallcap-crypto-centric-bank\/","title":{"rendered":"# After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank"},"content":{"rendered":"

“# After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank
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\nFollowing a Citi report downgrading business intelligence firm Microstrategy\u2019s stock to a \u201csell\u201d rating, analysts for popular trading website the Motley Fool have recommended a lesser-known bank stock that also has an emphasis on cryptocurrencies.\u00a0<\/p>\n

Last Tuesday, Citi analyst Tyler Radke downgraded Microstrategy (NASDAQ:MSTR) shortly after the firm announced a debt purchase that would bring its Bitcoin holdings up to a nearly $1 billion mark. <\/p>\n

The report chided the company, which at points has seen share prices more than trip<\/a>le from $92 yearly lows, for its \u201cdisproportionate\u201d focus on bolstering its BTC holdings, and said that the current run is \u201coverextended.\u201d <\/p>\n

However, in a recap article today analysts for the Motley Fool suggested the little-known, crypto-focused smallcap Silvergate Capital (NYSE: SI) might be worth a look for traders aiming to capitalize on the next crypto play. <\/p>\n

Silvergate \u2014 the La Jolla, California-based bank with over $2 billion in assets under management \u2014 boasts an impressive list of cryptocurrency firms as clients, including Coinbase, Paxos, Circle, Gemini, and Polychain Capital. <\/p>\n

Motley Fool contributors Matt Frankel and Justin Moser noted the banks 21-year streak of profitability, $50 million in BTC on the books, and a lending book featuring primarily commercial mortgages. Both analysts also recommended the bank as a superior investment to spot BTC. <\/p>\n

A previous Motley Fool article<\/a> earlier in the week also called attention to the crypto exchange infrastructure Silvergate has built for its clients, the Silvergate Exchange Network (SEN). SEN operates as a 24-hour intermedia<\/a>ry between exchanges and their institutional clients buying and selling cryptocurrencies, as opposed to normal banks which would be limited by normal working hours. SEN has reportedly cleared over $100 billion in volume since inception. <\/p>\n

SI currently sits at a 36.69 price-to-earnings ratio, offers a 10.36% dividend, and is up nearly 100% on the year. <\/p>\n

Silvergate and Microstrategy aren’t the only publicly-traded blockchain stocks enjoying a surge in investor interest. Mining giant Riot Blockchain is also on a tear after app<\/a>ointing new members to its board.\n<\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank ” Following a Citi report downgrading business intelligence firm Microstrategy\u2019s stock to a \u201csell\u201d rating, analysts for popular trading website the Motley Fool have recommended a lesser-known bank stock that also has an emphasis on cryptocurrencies.\u00a0 Last Tuesday, Citi analyst Tyler Radke downgraded Microstrategy (NASDAQ:MSTR) shortly…<\/p>\n","protected":false},"author":1,"featured_media":132532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/5ea2cc6f-8ab5-47ae-a225-44c5d3061736.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,74894,80179,71939,70359],"class_list":["post-132531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-blockchain","tag-citi","tag-banks","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/132531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=132531"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/132531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/132532"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=132531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=132531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=132531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}