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Caliber\u2019s stock soared 77% after the Nasdaq-traded firm announced a Chainlink treasury plan, even as it faces potential delisting over a $17.6 million deficit.<\/p>\n
Shares of Nasdaq-traded real estate asset manager Caliber shot up as the firm announced its pivot to a Chainlink treasury, despite an ongoing exchange probe.<\/p>\n
According to a Thursday announcement<\/a>, Caliber\u2019s board of directors has app<\/a>roved establishing a digital asset treasury strategy focused on Chainlink (LINK<\/a>). Under its new policy, the company intends to allocate a portion of its funds to acquire LINK tokens.<\/p>\n Caliber\u2019s board also appointed a crypto advisory board tasked with guiding management on digital asset strategy, policy and related initiatives. The news<\/a> appears to be well-received by market participants, with Google Finance data showing<\/a> that the company\u2019s stock rose by 77% in pre-market trading and maintained this newly acquired value into the early trading day.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n