Some crypto stocks jumped in morning trading on Tuesday. CaliberCos rose 699%; American Bitcoin rose 12%; Bitfarms rose 10%; Bit Digital rose 7%; Riot Platforms rose 6%; Bullish and Circle rose 5%; SharpLink Gaming rose 4%; Coinbase rose 3%.
CaliberCos stock rocketed higher on Tuesday after the real estate and digital asset management company announced its initial purchase of Chainlink (LINK) tokens. This is part of a system test transaction as the company moves forward with its Digital Asset Treasury (DAT) Strategy. That will have the company making LINK token purchases over time to generate long-term appreciation and current yield through its stake. The company will use its equity line of credit, cash reserves, and the issuance of equity-based securities to fund these purchases.
