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Coinbase Prime Powers CaliberCos' LINK Treasury Strategy - CaliberCos (NASDAQ:CWD)
Benzinga路 2025-09-23 15:51
Core Insights - CaliberCos Inc. has selected Coinbase Global Inc. to provide institutional trading and custody for its Digital Asset Treasury strategy focused on Chainlink's LINK token [1] - CaliberCos claims to be the first Nasdaq-listed company to adopt a treasury reserve policy centered on LINK [2] - The company's stock has experienced a significant decline of over 53% in the past year [2] Company Strategy - Caliber intends to accumulate LINK over time, hold it long-term, and seek yield opportunities, viewing this strategy as complementary to its real estate investments [3] - The Digital Asset Treasury plan aims to provide shareholders with mark-to-market exposure to a blockchain infrastructure asset [2][3] Market Performance - Following the announcement, Caliber's stock initially rose but later fell approximately 4%, trading around $5.94 [1][4] - Coinbase's stock has seen a substantial increase of over 95% in the past year, indicating strong market performance [4]
