Since BNB launched its micro-strategy for US stocks, projects with some strength have started to adopt micro-strategies as well.
Today I saw that IP has also launched a micro-strategy for US stocks.
The NASDAQ-listed company $CASK announced a $360 million $IP reserve plan and completed a $220 million PIPE financing with participation from institutions like a16z.
Investors include top institutions like a16z.
This is a16z's first investment of its treasury reserve funds into a publicly listed company.
The $IP token has a strategic procurement and buyback mechanism.
The Story Foundation will fully buy back $IP within 90 days after the transaction is completed, providing market support.
This marks the birth of a new type of digital asset: based on real-world economic logic (authorization, royalties, ownership, data traceability).
I remember last week, South Korea's largest digital asset trading platform Upbit officially listed $IP, and the project team is quite strong.
@ipdotworld and @EvilLarryToken have recently started collaborating, both are high-funding projects backed by a16z.
The yield of the IP project has also improved.
Moreover, Grayscale has launched the Story trust product, and now very few projects can secure trust financing; Story is one of them.
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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