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Real estate management firm Caliber (Nasdaq: CWD) announced Thursday it will adopt a digital asset treasury (DAT) strategy centered on accumulating LINK tokens. The company said its board has approved the use of equity funds to purchase cryptocurrency, specifically LINK, with plans to hold the tokens long term and generate yield through staking.
The Scottsdale-based company’s shares soared over 60%, trading at $2.90 by late morning, pushing its market cap to about $6.8 million, according to Yahoo Finance. Caliber joins a growing number of smaller-cap Nasdaq firms adopting DAT strategies as a way to diversify holdings and attract investor interest in digital assets.
Industry watchers note that while DATs are creating new buy-side demand for crypto, concerns remain about sustainability and risks tied to such strategies. Even so, Caliber’s move underscores how traditional businesses are increasingly leaning into crypto exposure, betting on both appreciation and income from staking.
