A listed real estate company has become the first vehicle of company treasures that Chainlink (link) keeps as reserve resistant, indicating the growing push of companies to use alternative digital assets outside of Bitcoin (BTC) and Ethereum (ETH).
Calibercos, an asset manager based in Phoenix, whose shares since the Nasdaq debut from 2023 have fallen more than 98%, announced that his administration approved a strategy to allocate part of his treasury to the native token of Chainlink.
The company is also planning to use the tokens to generate proceeds for investors and to integrate the blockchain technology from Chainlink into core activities such as activation and automation.
Treasury Shift in the midst of struggles
The pivot comes as caliber struggles with serious financial pressure. Only one day before the announcement, Nasdaq issued the company a disposal message for non -compliance with the requirement of $ 160 million minimal shareholders.
At the end of June Calibre’s equity was only $ 17.6 million.
Despite his challenges, the movement attracted a strong reaction from investors. Shares increased 60% after the announcement and emphasized how exposure to digital assets momentum can offer struggling companies.
The announcement also comes in the midst of various high-profile developments and partnerships for Chainlink, including the Japanese SBI and possibly spot-exchanged traded funds that are linked to the link.
The acceptance of KettingLink is expanding
With the decision, Chainlink joins Bitcoin and Ethereum as tokens assumed by company treasures, expanding the universe of digital assets that are kept on balance sheets. The Caliber board described Link as a liquid active with long -term growth potential.
The CEO of the company, Chris Loeffler, said that the strategy reflects the purpose of Caliber to be a diversified alternative asset manager who bridges physical and digital infrastructure.
In addition to the Treasury allocation, Caliber has also formed a crypto advisory board that consists of various experts to supervise its digital activist policy.
The development marks a milestone for Chainlink, whose token has risen sharply this year in the midst of the growth of the record portion and the growing acceptance of his blockchain services.