Caliber Stock Soars Over 60% After Approval of Digital Asset Strategy

Caliber (CWD), a Nasdaq-listed real estate asset management firm, experienced a significant stock surge, rising over 60% to close at $2.73 with a market capitalization of approximately $6.8 million. This positive movement is attributed to the company’s board officially approving the launch of a digital asset strategy treasury. The initiative will initially focus on supporting Chainlink (LINK), with Caliber planning to allocate funds for crypto purchases, including LINK tokens, and generate returns through staking.