Doge Supporter Mark Cuban Reveals Exposure To SVB

American Billionaire Mark Cuban Reveals Personal Exposure To SVB

In a long Twitter thread, Shark Tank star Mark Cuban shared his thoughts on the collapse of Silicon Valley Bank.

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Cuban suggested that the Fed should immediately buy all the securities/debt the bank owns at near par, which should be enough to cover most deposits.

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Mark Cuban concluded the thread by revealing his exposure at the failed bank.

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And for the record I have zero personal funds there , although several of my portfolio companies do, Cuban tweeted.

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Probably all in about 8 to 10 million dollars, the American billionaire revealed.

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Cuban wrote that the tragedy of SVB is thousands of companies who borrowed from SVB and were required to keep their cash in SVB.

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The collapse of SVB has affected the entire crypto market as well. Circle revealed an exposure of $3.3 billion with the collapsed bank.

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