Caliber, a real estate asset management firm, announced it has adopted a digital assets treasury strategy that will focus on Chainlink (LINK). The firm’s board approved the allocation of part of its treasury to acquire LINK, which powers Chainlink's oracle network. Following this announcement, Caliber's stock (CWD) surged nearly 60%, trading at $2.70. CEO Chris Loeffler highlighted that this strategy would enhance their existing operations in managing capital within real estate funds, aiding in NAV automation and providing better liquidity options. The firm also plans to establish the Caliber Crypto Advisory Board to guide its digital asset strategy. Despite the stock's rise, it faces compliance challenges with Nasdaq’s stockholder equity requirement, risking delisting if not addressed. Meanwhile, LINK's price saw a modest increase of around 2.5%.

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