The NASDAQ-listed company $CASK has taken action!
A $360 million IP strategic fund is now in place, with top institutions like a16z, Polychain, and Amber fully backing it!
Of this, $82 million is directly invested in the Story Foundation to buy tokens, and the foundation will use all this money to repurchase $IP on the open market — locking the tokens in the company's treasury, effectively making them disappear from circulation. This move is textbook fundraising in the US stock market and a textbook example of driving up prices in the secondary market!
$IP below 5u may really be gone for good; the small target aims for 7u~
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