CaliberCos Inc (NASDAQ:CWD) stock jumped roughly 80% following the announcement that the company’s Board of Directors has approved a digital asset treasury strategy centered on acquiring LINK tokens, which are used in the Chainlink protocol.
Under the new plan, Caliber will allocate part of its treasury to purchase cryptocurrency, with an initial focus on LINK tokens. These assets are intended for long-term appreciation, and the company also aims to generate yield through staking activities.
To oversee the initiative, Caliber has established a Crypto Advisory Board consisting of blockchain and digital asset experts who will provide guidance on implementation and management of the company’s digital asset holdings.
“We believe that implementing a digital asset treasury strategy strengthens our balance sheet and aligns Caliber with the future of digital finance, positioning us at the forefront of innovation in the real estate and investment management sector,” said Chris Loeffler, Chief Executive Officer of Caliber.
The company’s policy outlines procedures for acquisition, custody, and management of digital assets, including security measures and internal controls. Funding for LINK purchases will come from Caliber’s existing ELOC, cash reserves, and potentially through equity-based securities.
Caliber’s board believes that holding LINK as a reserve asset offers exposure to a liquid digital asset with potential for long-term growth. Additionally, Chainlink’s technology can help automate key business processes such as asset valuation and fund administration.
The company pointed to Chainlink’s partnerships with major institutions like Mastercard, DTCC, and SWIFT as indicators of its broader adoption and strategic relevance in the evolving financial landscape.
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