I've been really busy lately and neglected the secondary operations, but since I've posted about $IP a few times in my stories before, I've been keeping an eye on it. I just saw that PANews released news related to the story, so I immediately checked the K-line, and sure enough, there was a news-driven pin bar 🪡. However, from the daily chart perspective, $IP is like an old lady climbing stairs, very steady, which also proves that the project team is indeed making progress step by step.
Some of the main points include:
· Heritage Distilling (CASK), a NASDAQ-listed company in the U.S., announced the launch of a $360 million $IP token reserve plan.
· Completed a $220 million PIPE financing, with investors including top institutions like a16z (which I mentioned last time).
· Mainstream investors can now participate in $IP and the programmable IP economy through the traditional stock market for the first time.
· The Story Foundation will repurchase $IP from the secondary market after the transaction is completed, providing market support.
And so on, I won't elaborate on everything; for more details, check out the official Twitter below 👇.
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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