Real estate management firm Caliber announced a new digital asset strategy, significantly boosting its stock price.
Digital Assets Strategy and Stock Surge
Caliber (NASDAQ: CWD) saw its stock price surge 80% to $2.93 after announcing a digital asset strategy focused on acquiring Chainlink (LINK) tokens for long-term holding and staking rewards. The stock later retreated to $2.65, representing a 56% gain as of current trading. The board approved the plan for part of its treasury to be used to acquire LINK tokens, aiming for long-term holding and additional income from staking.
Creation of Crypto Advisory Board
Caliber also established a Crypto Advisory Board to guide this initiative. The board consists of blockchain experts and legal professionals who will advise the company on regulations and managing its new digital assets. CEO Chris Loeffler noted that this represents a natural evolution for Caliber and aligns the company with the future of digital finance.
Chainlink's Partnerships with Major Organizations
The company pointed out that Chainlink already collaborates with significant organizations like Mastercard, SWIFT, and DTCC. Caliber stated that these examples highlight Chainlink's essential role in financial technology that is being utilized globally. In its statement, the company emphasized that adopting the digital asset treasury strategy could enhance shareholder value while strengthening its balance sheet and improving liquidity.
Caliber's digital asset strategy and the establishment of a specialized advisory board open new investment opportunities and may strengthen its financial position, while partnerships with Chainlink confirm the relevance of this direction.
