Chainlink's Reserve boosted by $6.5M investment from Caliber, aligning the latter's treasury with the former's reserve.
Caliber, a Nasdaq-listed company, has made a significant move into the world of cryptocurrency by acquiring over 6.5 million US dollars worth of Chainlink (LINK) tokens in October 2021. This purchase positions Caliber as one of the largest publicly traded LINK holders, and marks the first time a Nasdaq-listed company has centered its treasury strategy on LINK.
The purchase was made at $23.38 per token, bringing Caliber's total LINK holdings to $6.7 million. This aligns Caliber's treasury with the Chainlink Reserve, a move that was intentional according to Caliber's CEO, Chris Loeffler. Loeffler stated that the move was made to mirror the Chainlink Reserve balance and support its infrastructure-first model.
By scaling its LINK treasury, Caliber is positioning itself where real assets and digital assets meet. This move gives investors a direct look at blockchain integration on a corporate balance sheet. For crypto investors, Caliber's holding of LINK sets another precedent for publicly traded companies holding digital assets.
Caliber's LINK acquisition ties its balance sheet to a core piece of decentralized infrastructure. The company plans to make steady, incremental LINK acquisitions over time as part of its Digital Asset Treasury strategy. This strategy aims to build a larger treasury while benefiting from potential staking yields.
Chainlink launched the Chainlink Reserve in August to convert enterprise and onchain revenue into LINK. Caliber's LINK strategy offers shareholders transparent, mark-to-market exposure to LINK's price action.
As more companies explore crypto treasuries, market watchers will track how Caliber's strategy evolves. This move comes as LINK continues to be one of the most used tokens for onchain data feeds. Caliber's strategic LINK acquisition is a significant step forward in the integration of digital assets into mainstream finance.
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