Caliber, an Arizona-based real estate asset management company announced plans to integrate LINK tokens to their corporate treasury strategy.
LINK tokens are the native cryptocurrency of Chainlink’s decentralized network.
The decision, approved by its board of directors, sent Caliber’s stock surging over 60% with shares trading at $2.90.
The company has a market capitalization of approximately $6.8 million.
Caliber revealed their Digital Asset Treasury (DAT) strategy will focus on accumulating LINK for long-term appreciation.
The firm plans to fund this initiative using a combination of cash reserves, an existing Equity Line of Credit (ELOC), and the issuance of equity-based securities.
Caliber stated in a press release that they believe the token will add significant value to shareholders.
“The Board believes that adopting a DAT strategy centered on LINK tokens will enhance shareholder value, strengthen our balance sheet, and improve liquidity.”
Caliber joins a growing number of smaller-cap Nasdaq companies adopting altcoin focused treasury strategies.
LINK tokens in particular are gaining attention for their role in Chainlink’s decentralized oracle network. They also facilitate secure data feeds for smart contracts.
Caliber’s stock rally portrays great investor enthusiasm for its LINK token strategy.
However, analysts note that the long-term success of such moves depends on market conditions and the broader adoption of Chainlink’s technology.
