Overview
- Caliber’s board approved a digital asset treasury focused on acquiring and staking Chainlink’s LINK to seek long-term appreciation and staking yield.
- The company adopted a formal DAT policy, formed a Crypto Advisory Board, and retained advisors including Perkins Coie, Manatt, Phelps & Phillips, and Deloitte.
- Caliber says it will leverage Chainlink technology to automate functions such as asset valuation and fund administration.
- Planned LINK purchases will be funded through an existing equity line of credit, cash reserves, and equity-based securities, with oversight reporting to the board and advisory group.
- Shares rose roughly 55%–60% after the announcement, even as Caliber faces a potential delisting after reporting $17.6 million in stockholder equity versus Nasdaq’s $160 million minimum as of June 30.