CaliberCos (NASDAQ:CWD) shares rose sharply after the company announced it has completed its initial purchase of Chainlink (LINK) tokens, marking the first step in its newly launched Digital Asset Treasury (DAT) strategy.
The Scottsdale-based real estate and digital asset management platform said the transaction serves as a system test and represents the beginning of a broader plan to accumulate LINK tokens gradually over time.
Caliber intends to fund the acquisitions through its equity line of credit, cash reserves, and equity-linked securities.
Under the DAT strategy, the company aims to build a substantial position in LINK through consistent purchases, with a stated goal of generating long-term value appreciation and yield from staking activities.
“Caliber’s Digital Asset Treasury strategy represents a disciplined, institutional approach to building a LINK position,” Caliber CEO Chris Loeffler said in a statement.
He noted that the initial purchase was conducted to test custody, tax, accounting, governance, and related systems needed to support ongoing acquisitions.
The company said its approach is designed to mitigate volatility by averaging into the market over time while establishing transparent, mark-to-market exposure to Chainlink for shareholders.
Caliber is the first Nasdaq-listed company to publicly adopt a treasury reserve policy centered on Chainlink, according to the company.
Shares surged 467% to about $12 late morning on Tuesday.