Caliber adopts treasury strategy with LINK and shares soar 60%
- Caliber adopts a digital treasury strategy focused on LINK
- Company shares rise 60% after strategy announcement
- Plan includes Chainlink staking for long-term yield
Arizona-based real estate asset manager Caliber announced the adoption of a digital asset treasury (DAT) strategy specifically focused on accumulating the LINK token, native to the Chainlink network. The decision, approved by the company's board, marks the Nasdaq-listed company's entry into the growing movement of corporate cryptocurrency allocation.
According to official statement Caliber intends to hold LINK tokens for both long-term appreciation and yield generation through staking, leveraging the Chainlink network's mechanisms. The plan will be funded through a combination of available cash, an existing line of credit (ELOC), and the issuance of equity-backed securities.
The announcement provoked a strong market reaction. Caliber shares, traded under the ticker CWD on Nasdaq, rose more than 60% in a single day, reaching $2,90. The move raised the company's market value to approximately $6,8 million, according to data from Yahoo Finance.
The company emphasized that the new treasury policy seeks to generate additional value for shareholders. "The Board believes that adopting the DAT strategy and Policy can increase shareholder value while strengthening the company's balance sheet and improving liquidity," Caliber stated.
Interest in DAT strategies has been growing among smaller-cap companies listed on the Nasdaq, which are looking to cryptocurrencies as alternatives for appreciation and investor attraction. In recent weeks, several companies have announced similar initiatives involving altcoins, reinforcing the trend of diversifying into digital assets as part of corporate reserves.
The adoption of LINK as a treasury asset comes amid Chainlink's growing prominence in the sector. The network, which specializes in decentralized oracles, also gained prominence earlier this week after Bitwise Asset Management filed a preliminary application with the SEC to launch a Chainlink ETF.
With this move, Caliber joins the group of companies exploring digital assets not only as a speculative investment, but as a structural part of their treasury policy, aligning with the growing integration between traditional markets and blockchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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