CaliberCos Inc (NASDAQ:CWD) saw its stock decline 4% in premarket trading Thursday after the real estate and digital asset management company disclosed a $4 million purchase of Chainlink (LINK) tokens.
The acquisition involved 183,421 LINK tokens at an average cost of $21.81 per token, including fees and expenses. With this purchase, Caliber’s total LINK holdings now amount to 467,632 tokens valued at roughly $10.1 million.
The company, which describes itself as the first Nasdaq-listed firm to adopt a public treasury strategy focused on LINK, said the purchase is part of its Digital Asset Treasury (DAT) Strategy. The approach involves gradual, systematic acquisitions that dollar-cost-average LINK purchases while targeting 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, CEO of Caliber. “We’re thrilled to play our role to amplify the exciting opportunity Chainlink and LINK present for our investors.”
Caliber also stated that it plans to develop one of the largest LINK treasuries held by a public company, giving shareholders transparent, mark-to-market exposure to LINK and positioning the firm at the intersection of real asset infrastructure and digital asset infrastructure.
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