US Stock Movement | CaliberCos surges over 12 times after completing its first purchase of Chainlink tokens
On Tuesday, CaliberCos opened with a surge of over 12 times, reaching a two-year high of $30.55. In terms of news, on September 9, the company announced that it had completed its first purchase of Chainlink (LINK) tokens as part of its system testing transactions. The company plans to fund its LINK acquisition through existing ELOC, cash reserves, and the issuance of equity securities. This marks the company's first transaction under its previously announced Digital Asset Treasury (DAT) strategy, which aims to incrementally accumulate LINK through ongoing purchases with the goal of generating long-term appreciation and current income through staking. Caliber CEO Chris Loeffler stated that Caliber's Digital Asset Treasury strategy represents a rigorous institutional approach to building LINK positions, and we made our initial purchase to test our systems and ensure we are well-positioned in managing custody, tax, accounting, governance, and similar internal infrastructure
According to Zhitong Finance APP, on Tuesday, CaliberCos (CWD.US) opened with a surge of over 12 times, reaching a two-year high of $30.55. On September 9th, the company announced that it had completed its first purchase of Chainlink (LINK) tokens as part of its system testing transactions. The company plans to fund its LINK acquisition through existing ELOC, cash reserves, and the issuance of equity securities. This marks the company's first transaction under its previously announced Digital Asset Treasury (DAT) strategy, which aims to incrementally accumulate LINK through ongoing purchases, targeting long-term appreciation and current income through staking.
Caliber CEO Chris Loeffler stated that Caliber's Digital Asset Treasury strategy represents a rigorous institutional approach to building LINK holdings, and we made our first purchase to test our systems, ensuring we are well-positioned in managing custody, tax, accounting, governance, and similar internal infrastructure
