CaliberCos Becomes First Company to Hold Chainlink (LINK) in Treasury
CaliberCos, a real estate and asset management firm, has become the first public company to add Chainlink (LINK) as a reserve asset in its treasury. This shows that more companies are starting to use digital assets beyond Bitcoin (BTC) and Ethereum (ETH).
The Phoenix-based company, whose stock has dropped over 98% since its Nasdaq debut in 2023, said its board approved holding LINK in its treasury. Caliber also plans to stake LINK to earn extra income for investors and use Chainlink’s blockchain technology in areas like asset valuation and automation.
Financial Struggles
The move comes as Caliber faces serious financial problems. Just one day before the announcement, Nasdaq warned the company about a possible delisting for not meeting the $160 million minimum equity requirement. As of June, Caliber’s equity was only $17.6 million.
Despite this, investors reacted positively. Caliber’s stock jumped 60% after the news, showing how adding digital assets can boost struggling companies.
Chainlink Adoption Grows
With this step, Chainlink now joins Bitcoin and Ethereum as cryptocurrencies used in corporate treasuries. Caliber’s board described LINK as a liquid asset with strong long-term potential.
CEO Chris Loeffler said the strategy fits Caliber’s goal of becoming a diversified asset manager that connects physical and digital infrastructure. The company also created a crypto advisory board of experts to guide its digital asset strategy.
This marks a milestone for Chainlink, which has seen strong growth this year with more wallets and wider adoption of its blockchain services.
