Caliber, a Nasdaq-listed real estate asset management firm, saw its shares skyrocket by 77% after revealing plans to adopt a Chainlink (LINK) treasury strategy, even while facing the risk of being delisted from Nasdaq due to financial non-compliance.
On Thursday, Caliber announced that its board of directors approved a new digital asset strategy focused on Chainlink. The company will allocate a portion of its corporate funds to acquire LINK tokens and diversify its treasury holdings.
In addition, Caliber has created a crypto advisory board to guide management on digital asset policies and strategies. The news drove massive investor interest, causing Caliber’s stock price to surge 77% in pre-market trading and maintain strong momentum throughout the day.
Nasdaq Compliance Issues – Why Delisting Looms
Despite the rally, Caliber faces a serious compliance issue. The company recently received notice from Nasdaq that it no longer meets Listing Rule 5550(b)(1), which requires firms to maintain at least $2.5 million in stockholders’ equity.
- Current equity deficit: $17.6 million (as per Q2 SEC filing)
- Timeframe: 45 days to submit a compliance plan, up to 180 days for correction
- Risk: If Caliber fails to raise capital or improve financials, it could lose its Nasdaq listing status.
The move to establish a Chainlink treasury could be a strategy to restore compliance by attracting new capital and investor confidence.
The Rise of Corporate Crypto Treasuries
Caliber is not alone in turning to crypto-based treasury strategies as a growth and compliance tool. The trend began with MicroStrategy’s Bitcoin treasury model, but companies are now diversifying into altcoins:
- Trump Media & Technology Group recently revealed plans for a $6.42 billion Cronos (CRO) treasury.
- Sharps Technology nearly doubled its stock price after announcing a $400 million Solana (SOL) treasury.
- Windtree Therapeutics, however, failed to maintain its listing even after adopting a BNB treasury, showing that crypto strategies are not a guaranteed fix.
The 77% stock surge highlights strong market enthusiasm for crypto integration, but the underlying financial risk remains. If Caliber fails to address its $17.6 million equity gap, the company could still face delisting, regardless of its blockchain-driven ambitions.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.