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Investing.com -- CaliberCos Inc (NASDAQ:CWD) stock fell 4% in premarket trading Thursday after the real estate and digital asset management platform announced a $4 million purchase of Chainlink (LINK) tokens.
The company acquired 183,421 LINK tokens at an average price of $21.81 per token, including fees and expenses. This strategic acquisition is part of Caliber’s Digital Asset Treasury (DAT) Strategy, bringing its total LINK holdings to 467,632 tokens valued at approximately $10.1 million.
Caliber, which claims to be the first Nasdaq-listed company to publicly adopt a treasury strategy anchored in LINK, stated that its DAT Strategy involves gradual, measured acquisitions that allow the company to dollar-cost-average its LINK purchases while aiming for long-term appreciation and staking yield.
"Chainlink is an oracle providing critical infrastructure that powers the future of finance, DeFi, and tokenized real-world assets," said Chris Loeffler, Chief Executive Officer of Caliber. "We’re thrilled to play our role to amplify the exciting opportunity Chainlink and LINK present for our investors."
The company indicated it intends to build one of the largest LINK treasuries held by a public company over time, providing its shareholders with transparent, mark-to-market exposure to LINK while positioning itself at the intersection of real asset infrastructure and digital asset infrastructure.
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