Company Managing $2.9 Billion Announces Additional Purchase of This Altcoin

Nasdaq-listed real estate and asset management company Caliber (CWD) announced the acquisition of an additional $2 million worth of Chainlink (LINK) as part of its digital asset treasury strategy. The Arizona-based company acquired 94,903 LINK at an average price of $21.07, bringing its total holdings to 562,535 LINK. This amount has a current market value of approximately $10.2 million. Caliber launched its digital asset strategy in August, becoming the first Nasdaq company to use LINK as a corporate treasury asset. The company plans to gradually increase its LINK position with the goal of long-term appreciation and yield through staking. Related News: SON DAKİKA: Bitcoin ve Altcoinlerde Sert Düşüş - İşte Nedeni ve Likidasyonlar Caliber manages approximately $2.9 billion in real estate assets and operates in hospitality, multifamily housing and industrial real estate. The company's shares briefly rose above $9 after the LINK strategy was announced, but have since fallen 73% to below $4, reducing Caliber's market value to approximately $20 million. Chainlink is a critical part of the DeFi ecosystem as a decentralized oracle network that feeds real-world data (e.g., asset prices and event outcomes) into blockchains. *This is not investment advice. Continue Reading: Company Managing $2.9 Billion Announces Additional Purchase of This Altcoin