Caliber, a real estate asset manager traded on Nasdaq, saw a significant stock increase following the announcement of its new digital asset management strategy involving the purchase of Chainlink tokens.
Caliber's Treasury Strategy and Stock Surge
Caliber announced the establishment of a digital asset treasury strategy focusing on acquiring Chainlink tokens.
This announcement drove a 77% pre-market rise in the company’s stock, which maintained its value throughout the early trading session.
Reasons for Nasdaq Delisting
Caliber also received notice from Nasdaq stating that it does not comply with listing rules requiring a minimum shareholder equity of $2.5 million. The company has 45 days to submit a compliance plan to avoid delisting.
Rising Trend of Corporate Altcoin Treasuries
The trend of developing corporate treasure strategies focusing on altcoins is gaining traction, exemplified by Trump Media and Sharps Technology. However, this approach comes with risks, as seen in recent stock declines of other firms.
Caliber's announcement regarding its Chainlink treasury strategy resulted in a dramatic stock surge, although the company faces significant risks related to the potential Nasdaq delisting.
