Whale’s favorite altcoin, ChainLink (Link), has recently focused on institutional investors.
At this point, ChainLink’s first ETF application was recently released, and yesterday the US Department of Commerce announced that macroeconomic data will be transferred to many blockchain networks through “Oracle” providers ChainLink and Pyth.
Link has been in the spotlight recently, but NASDAQ-listed company Caliber has become the latest company to join the trend.
Caliber recently announced official approval of its new Department of Digital Assets Treasury (DAT) strategy featuring ChainLink.
In a statement, Caliber plans to retain the link for a long-term valuation and generate returns through stock interests, and plans to allocate some of the funds to acquire the link.
“The initial focus of Caliber’s DAT is to acquire a link with the stocks held for long-term valuation and generate returns through the stock.”
The company added that it aims to not only purchase links but also maximize returns from these digital assets. He also said it would provide additional revenue and be included in the staking process.
Experts say the company’s link movement has been well received by market participants, as Google Finance data shows a 77% increase in the company’s shares in pre-market trading.
The rise occurred despite receiving written notice from NASDAQ on Wednesday, despite the company being “not compliant with NASDAQ Listing Rule 5550(b)(1).”
*This is not investment advice.
