CaliberCos Stock Soars 850% After Chainlink Treasury Launch

CaliberCos, a Nasdaq-listed real estate and digital asset management firm, experienced a dramatic surge in its stock price, rising over 850% and even spiking above 2,000% in pre-market trading, following its announcement of an initial purchase of Chainlink (LINK) tokens as part of a new Digital Asset Treasury strategy. The company plans to gradually accumulate LINK tokens to generate long-term appreciation and staking yield, funding these purchases through its equity line of credit, cash reserves, and equity-based securities issuance. This move positions CaliberCos among the first publicly traded companies to implement a comprehensive cryptocurrency treasury management strategy, leveraging Chainlink's role in connecting blockchain with real-world assets and its partnerships with major financial infrastructure providers. The surge in CaliberCos shares follows a similar pattern seen with Eightco Holdings, whose stock soared over 3,000% after announcing a $250 million investment to purchase Worldcoin, highlighting a broader market enthusiasm for digital asset treasury conversions despite the companies' underlying financial challenges. Analysts caution, however, that these dramatic rallies are driven more by market speculation than fundamentals, with some warning of potential volatility ahead. Overall, these developments reflect heightened investor appetite for equities gaining exposure to blockchain and crypto assets amid accelerating institutional adoption.