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Investing.com -- Caliber (NASDAQ:CWD) stock soared 130% after the company announced it has completed its first purchase of Chainlink (LINK) tokens as part of its Digital Asset Treasury (DAT) Strategy.
The diversified real estate and digital asset management platform described the transaction as a "system test" that kicks off its previously announced plan to accumulate LINK tokens incrementally over time. Caliber intends to fund these acquisitions through its existing ELOC, cash reserves, and by issuing equity-based securities.
"Caliber’s Digital Asset Treasury strategy represents a disciplined, institutional approach to building a LINK position," said Chris Loeffler, Chief Executive Officer of Caliber. "We have made our first purchase to test our systems and ensure we are well-positioned to manage the custody, tax, accounting, governance, and similar considerations underpinning our internal infrastructure."
The company plans to make consistent purchases to establish a material position in LINK in its treasury, with the goal of generating long-term appreciation and current yield through staking. Caliber claims to be the first Nasdaq-listed company to publicly announce a treasury reserve policy centered on Chainlink.
Through this initiative, Caliber aims to provide shareholders with transparent exposure to LINK while positioning itself at the intersection of real asset and digital asset infrastructure.
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