Digital Currency Group (DCG), a Cryptocurrency Venture Capital Company, Announces Investment in Silvergate Capital Corporation, which contains the crypto Sympathetic Silvergate Bank, in a tweet yesterday, Feb. 26.

We are delighted to welcome Silvergate Bank to the DCG family of companies https://t.co/gglkakVlpa – DigitalCurrencyGroup (@DCGco) February 26, 2018

The Silvergate Capital Corporation had posted on its website yesterday, without disclosing investors, that it had sold 9.5 million shares of Silvergate via a private placement for around $ 114 mln. The news item writes about the planned objectives of the acquisition:

"The proceeds of this investment will support the growth of the Bank's national fintech deposit initiative and its banking and residential loans. "

Cryptocurrency companies have always struggled to find banks to accept them as clients. Over the weekend, Bangkok Bank terminated the account of the Thai Digital Asset Exchange and in January of this year, several Indian banks suspended or restricted the accounts of the crypto exchanges

Tether, a digital token In addition, the bank also experienced banking problems in 2017, when all international wires to Tether were frozen by Taiwan's Tether banks.

DCG also tweeted that he had " huge new " mobile payments multi-currency app Circle, which is a DCG holding company:

Huge news from DCG holding company @circlepay! We are delighted to welcome @Poloniex into the DCG family The biggest M & A deal in the history of bitcoin / blockchain … bravo @jerallaire and team! https://t.co/BkjWl9O1vU – DigitalCurrencyGroup (@DCGco) February 26, 2018

Circle yesterday announced its acquisition of crypto exchange Poloniex, writing in its press release that he hoped to grow Poloniex into a " robust multi-sided distributed market ."