Caliber Purchases $6.5 Million Worth Of Chainlink Tokens

Caliber has made its biggest move yet in digital assets, acquiring $6.5 million worth of Chainlink (LINK) tokens under its treasury strategy. The firm disclosed that it purchased 278,011 LINK at an average cost of $23.38 per token, including fees. With this, Caliber’s LINK holdings now total $6.7 million, positioning it as one of the largest publicly traded holders of the oracle network’s token.

The acquisition was funded through a mix of cash reserves, shelf registration, and equity-based securities. The announcement comes as Chainlink recently launched the Chainlink Reserve, an onchain pool dedicated to long-term ecosystem growth. Funded through Payment Abstraction, the reserve converts enterprise and onchain revenues into LINK before adding them to the pool.

Notably, Caliber’s LINK balance now roughly matches the size of the Chainlink Reserve itself. This alignment highlights institutional confidence in Chainlink’s infrastructure, which underpins a wide range of DeFi applications and data services across blockchains.

You need to login in order to Like