Caliber’s Treasury Strategy Gets a Blockchain Boost, Stock Soars 78%

CaliberCos Inc., a major asset manager with over $2.9 billion in assets under management, has revolutionized its treasury strategy by incorporating Chainlink’s LINK token. This strategic move led to a remarkable 78% surge in the company’s stock price, signaling a significant shift towards digital assets. The company’s board of directors approved this new policy to allocate a portion of Caliber’s funds into LINK for long-term growth and staking rewards.