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Caliber (CWD) purchased 94,903 Chainlink (LINK) tokens for $2 million at an average price of $21.07 per token, including fees and expenses, the company announced.
The acquisition brings Caliber’s total LINK holdings to 562,535 tokens valued at approximately $10.1 million. The purchase continues the company’s Digital Asset Treasury strategy of making incremental acquisitions to dollar-cost-average its LINK purchases.
Caliber describes itself as the first Nasdaq-listed company to adopt a treasury strategy centered on LINK tokens. The real estate and digital asset management platform manages over $2.9 billion in assets and has a 16-year track record in private equity real estate investing across hospitality, multi-family, and industrial properties.
The company’s Digital Asset Treasury strategy aims to build what it calls one of the largest LINK treasuries held by a public company through gradual acquisitions designed to generate long-term appreciation and staking yield.
Information is based on a company press release statement.