Just now, the Nasdaq-listed company $CASK has invested a whopping $360 million in $IP. Coupled with the top venture capital firm a16z leading a $220 million PIPE financing, the WEB3 sector is experiencing an unprecedented capital frenzy.
The significance of this investment goes far beyond ordinary business arrangements — a16z has directly injected its treasury reserves into a public company for the first time. Such a "bold and aggressive" move inevitably brings to mind the classic legend of MSTR hoarding Ethereum and achieving 30-fold returns. History is always remarkably similar; when top capital votes with real money, it often heralds the arrival of a pivotal moment in the industry.
External capital inflow is important, but internal growth momentum is even more crucial. As the core support behind IP, StoryFoundation has simultaneously launched a buyback plan: the funds raised will be fully used for open market repurchases within 90 days.
The continuous inflow of capital into the stock market, combined with the firm support from the project team, creates a synergy. I hope to see a bull market!
Programmable IP is going mainstream.
Heritage Distilling (Nasdaq: CASK) has announced the launch of a new $360M $IP token reserve with $220M in PIPE financing ($100M in cash and $120M in $IP tokens) and participation from prominent investors including @a16zcrypto, @arrington_cap, @ambergroup_io, @daofive, @hashed_official, @mirana, @neoclassiccap, @_openworld, @polychain, @stix_co, @selinicapital, @syncracycapital, and others.
For the first time, mainstream investors can gain exposure to $IP and the programmable IP economy through traditional equity markets.
To support its $IP digital asset treasury strategy, @heritagedistill will allocate $82M of proceeds to purchase $IP tokens from Story Foundation at a fixed price of $3.40 per $IP token.
Story Foundation will use 100% of this $82M cash proceeds received from the token sale to strategically repurchase $IP tokens on the open market within the 90 days following the sale.
IP is an $80T asset class and the lynchpin to AI’s advancement.
This new treasury unlocks market access to a new kind of digital asset that is grounded in real world economic fundamentals: licensing, royalties, ownership, data provenance in the age of AI.
Through this collaboration, Story gains market validation, institutional reach, and the capital to achieve our ambitious founding vision while fueling the growth of the network and ecosystem.
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