Caliber purchases $4.0 million in Chainlink tokens for treasury strategy

Caliber (NASDAQ: CWD) completed a $4.0 million purchase of Chainlink tokens as part of its Digital Asset Treasury strategy, the company announced September 25.

The real estate and digital asset management platform acquired 183,421 LINK tokens at an average price of $21.81 per token, including fees and expenses. This purchase brings Caliber's total LINK holdings to 467,632 tokens valued at approximately $10.1 million.

"Chainlink is an oracle providing critical infrastructure that powers the future of finance, DeFi, and tokenized real-world assets," said Chris Loeffler, Chief Executive Officer of Caliber.

Caliber's treasury strategy involves gradual acquisitions designed to dollar-cost-average LINK purchases while generating long-term appreciation and staking yield. The company stated it intends to build one of the largest LINK treasuries held by a public company.

According to the press release, Caliber is the first NASDAQ-listed company to publicly adopt a treasury strategy centered on LINK tokens. The initiative provides shareholders with exposure to LINK while positioning the company between real asset infrastructure and digital asset infrastructure.

Caliber operates as an alternative investment manager with over $2.9 billion in managed assets and focuses on private equity real estate investing across hospitality, multi-family, and industrial real estate sectors.

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