In banker speak, "liquidity concerns" translates roughly as "the bank needs to come up with some cash, quick."
To do that, SVB sold a $21 billion slug of government bonds. But because interest rates have risen so much — bond prices fall when rates rise — it sold them at a loss of $1.8 billion.
To patch that hole in its finances, the bank also moved to raise money by selling new shares as part of a plan to come up with $2 billion in capital. But not success!!!
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