Caliber's Stock Surges Over 60% Following Digital Asset Strategy Approval

According to BlockBeats, Caliber (CWD), a Nasdaq-listed real estate asset management company, saw its stock price increase by over 60%, currently trading at $2.73 with a market capitalization of approximately $6.8 million. The company's board has officially approved the establishment of a digital asset strategy treasury. This initiative will initially focus on supporting the Chainlink protocol's LINK token. Caliber plans to allocate part of its funds to purchase cryptocurrencies, including LINK tokens, and aims to generate returns through staking.