- Caliber purchased $6.5M worth of LINK tokens
- The company now holds $6.7M in LINK assets
- This move supports its digital asset treasury strategy
Caliber (NASDAQ: CWD), a publicly traded company, has made a strong move into the crypto space by purchasing $6.5 million worth of Chainlink (LINK). The company acquired 278,011 LINK tokens at an average price of $23.38 each. This strategic acquisition is part of Caliber’s ongoing efforts to expand its Digital Asset Treasury, signaling growing institutional interest in blockchain-based assets.
This latest buy positions Caliber among the largest publicly traded holders of LINK, the native token of the Chainlink network, which provides decentralized oracle services to blockchains.
Why LINK?
Chainlink is considered a critical infrastructure project in the blockchain ecosystem, offering real-world data feeds to smart contracts. By investing heavily in LINK, Caliber is betting on the long-term value and utility of Chainlink’s technology in powering Web3 applications.
Given the recent growth in adoption of smart contracts and the demand for reliable data oracles, LINK continues to be a popular choice among both retail and institutional investors. Caliber’s move reflects confidence in the long-term prospects of the Chainlink network.
Digital Asset Treasury Strategy
Caliber’s broader strategy involves diversifying its treasury holdings with digital assets, a trend that’s gaining traction among forward-thinking companies. With this purchase, the company’s total LINK holdings now stand at $6.7 million, showing both commitment and belief in the future of decentralized finance ( DeFi ).
This type of treasury diversification could also act as a hedge against traditional market volatility, aligning with the growing trend of corporations holding crypto as part of their balance sheet strategy.
