Overview

• The Board approved a Digital Asset Treasury strategy and policy to acquire and stake Chainlink’s LINK and to use Chainlink technology for functions such as asset valuation and fund administration.
• Industry coverage describes Caliber as the first publicly traded corporate treasury vehicle to hold LINK as a reserve asset.
• Caliber formed a Crypto Advisory Board and engaged outside advisers including Perkins Coie, Manatt, Phelps & Phillips, and Deloitte to oversee acquisition, custody, controls, and reporting.
• The company said LINK buys would be financed via its existing revolving line of credit, cash reserves, and potential equity-based securities, but it has not disclosed allocation size, timeline, or custodial arrangements.
• CWD rose roughly 55%–60% after the announcement, even as the firm works to address a Nasdaq deficiency notice that gives it 45 days to submit a compliance plan, with reported stockholder equity of about $17.6 million versus a $160 million requirement.