Chiara Bianchi
Caliber, a real estate management firm based in Scottsdale, Arizona, announced on Thursday that it is adopting a Digital Asset Treasury (DAT) strategy centered around Chainlinkโs LINK token.
The Nasdaq-listed company (ticker: CWD) confirmed that its board of directors approved the plan, which will allocate funds to acquire LINK. The firm stated it intends to hold the tokens for long-term growth potential while also seeking to earn staking rewards.
Caliberโs bold move quickly impacted its stock price. Shares of CWD surged more than 60% on Thursday, reaching $2.90 by mid-morning trading, according to Yahoo Finance. The companyโs market capitalization now stands at approximately $6.8 million.
DAT strategies have become increasingly common among smaller-cap Nasdaq firms, many of which are looking to strengthen balance sheets, improve liquidity, and attract investor interest through cryptocurrency exposure.
Company Statement Highlights Shareholder Value
In its announcement, Caliber stressed that the DAT approach was designed to boost shareholder value:
โThe Board believes that the adoption of the DAT strategy and DAT Policy can enhance shareholder value while strengthening the Companyโs balance sheet and improving liquidity,โ the company said.
To fund the initiative, Caliber will rely on an existing ELOC, internal cash reserves, and the issuance of equity-based securities.
Chainlink in the Spotlight Beyond Caliber
Chainlink has been making waves across the financial sector this week. Bitwise Asset Management recently filed a preliminary S-1 application with the SEC to launch a LINK exchange-traded fund (ETF), further highlighting the tokenโs growing role in institutional strategies.
