Caliber bought $6.5 million in tokens as part of its digital asset treasury strategy, while the Chainlink Reserve’s token buybacks near $8 million since last month.
Sep 18, 2025, 6:27 p.m.
Oracle network Chainlink’s (LINK) native token surged 6% over the past 24 hours crossing $24.5 on Thursday as crypto prices climbed higher with altcoins outperforming.
The price action happened as large-cap altcoins led crypto markets higher in anticipation that spot-based ETFs could hit the market soon with the SEC approving general listing standards.
That could include Chainlink’s LINK, too, with several applications filed earlier this year and LINK futures being traded on U.S.-regulated exchanges like Coinbase Derivatives.
Caliber (CWD), a public wealth management firm that adopted a Chainlink treasury reserve asset initiative, said on Thursday it bought $6.5 million worth of tokens as part of its digital asset strategy.
The Chainlink Reserve also purchased on Thursday another 43,000 LINK ($1.05 million) as part of the initiative to buy tokens using revenue from protocol integrations and services, similar to public companies’ share buyback programs.
Since August, the reserve has accumulated a total of 323,116 tokens, worth $7.9 million, data shows.
Technical Analysis
The technical indicators underscore LINK’s gaining momentum, according to CoinDesk’s Research’s technical analysis data.
- Robust support established at $22.82 with high-volume confirmation of 5.56 million units, significantly surpassing the 24-hour average of 1.48 million.
- Multiple resistance levels breached including $24.16 and $24.42, demonstrating sustained purchasing pressure.
- Ascending low formations throughout the recovery phase indicating consistent upward momentum.
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ARK Buys $162M of Shares in SOL Treasury Company Solmate, Formerly Brera Holdings
Brera, a Nasdaq-listed sports club owner, raised $300 million from United Arab Emirates-based Pulsar Group to buy Solana’s SOL token.
What to know:
- Cathie Wood’s investment firm bought just under $162 million worth of Brera Holdings shares.
- Brera, now rebranded as Solmate, plans to build a Solana digital asset treasury, having raised $300 million to acquire SOL.
- The company’s shares jumped as high as $52.95 before dropping back to close at $24.90, a gain of over 225% on the day.
