The actions of the Nasdaq real estate asset manager, caliber, shot when the firm announced its pivot to a Chainlink treasure, despite an ongoing change investigation.
According to a Thursday advertisementThe Board of Directors of the caliber has approved the establishment of a Treasury Treasury strategy centered on Chainlink (Link). According to its new policy, the company intends to assign a part of its funds to acquire link tokens.
The Caliber Board also appointed an advisory board of cryptography in charge of guiding the management of the digital asset strategy, politics and related initiatives. The news seems to be well received by market participants, with Google Finance data demonstration that the company’s shares increased by 77% in trade prior to the market and maintained this newly acquired value on the early negotiation day.
This ascending came despite the caliber information That on Wednesday, the company received a written warning from Nasdaq that “no longer complies with rule 5550 (b) (1) of Nasdaq”. Establishing a Chainlink treasure can be a way of trying to remedy the problem before being withdrawn from the exchange.
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Why the caliber faces Nasdaq Delisting
He ruler In question requires that companies maintain a patrimony of the interested parties of at least $ 2.5 million to guarantee a continuous list in the exchange. The company has 45 days to present a plan and, if it is accepted, up to 180 days to cure this fault.
A securities and exchange commission presentation From the second quarter of this year it shows that Caliber had a capital deficit of the shareholders of $ 17.6 million. If the company does not fill that hole, it will lose its status as a company that quotes in the stock market. If Caliber manages to raise capital for his newly created Treasury of Chainlink, he can comply with the listing rules once more.
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The emergence of Altcoin’s treasure bonds
After being created by the strategy, Bitcoin’s first treasure (BTC), previously known as Microstrategy, the tendency to develop corporate cryptographic treasures initially focused mainly on Bitcoin. Even so, now an increasing number of companies is focusing its treasury initiatives in Altcoins.
Earlier this week, Trump Media and Technology Group, the owner of the social platform of the president of the United States, Donald Trump, announced the establishment of the Trump Cro Strategy media group to build a treasure of at least $ 6.42 billion of chronos (Cro). Similarly, the actions of Sharps Technology almost doubled on Monday after the medical technology firm announced a Solana (Sun) treasure of $ 400 million.
Even so, those companies are far from a guaranteed success. Earlier this month, Windtree Therapeutics, a biotechnology company that established a BNB treasure strategy last month, fell 77% on Wednesday after Nasdaq said it would be eliminated.
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