Heritage Distilling to keep $ 360 million in the IP tokens of the Story Protocol and to become the first company with Nasdaq that accepts a blockchain IP assets as reserves.
Summary
- Heritage to acquire 52.5 million IP tokens worth $ 361 million as its most important treasury reserve.
- The story will use sales proceeds for IP -Berkoop to support the market tuning.
- IP acts at $ 6.09, a decrease of 12% in 24 hours but a 36% increase in 30 days.
Heritage Distilling Holding Company (Nasdaq: CASK) is the first company listed by the US that has taken over the token of Story Protocol (IP) as its primary reserve activum, according to an 11 August announcement.
The relocation is due to a private placement of $ 220 million, combining cash and token contributions, supported by Story Foundation and a selection of large crypto investors.
First-of-or-In-Intries Corporate Reserve Strategy
The deal allocates $ 82 million to Heritage financing to buy IP directly from Story Foundation for $ 3.40 per token. During the closing, Heritage’s Treasury will contain around 52.5 million IP tokens, with a value of approximately $ 361 million based on the market price of 10 August of $ 6,8785.
The company will also collect $ 100 million through ordinary shares and warrants, with extra token contributions from strategic partners.
Story Foundation will use all net cash revenues from the sale to buy back IP on the open market within 90 days, a step that is designed to set up stimuli and to support market stability. Cantor Fitzgerald and Roth Capital Partners serve as joint placement agents, while Blockchain consultancy offers Open World strategic guidelines.
Tokenized IP meets the public markets
IP is the native assets of the story protocol, an AI-Native blockchain for registering, licenses and earning intellectual property Onchain. Applications such as Aria and Ablo, who have made controversial IP tokenization possible with companies and artists such as Adidas, BTS and Justin Bieber, are powered by IP. It also facilitates transactions, expansion and validation.
The relocation of Heritage indicates a growing trend of companies that treat digital assets, not only as stores of value, but as a revenue, ecosystem-relieved reserves. The deal follows Story Protocol’s February 2025 Mainstet Launch and builds on partnerships with stability AI, Grayscale and other institutional players.
Despite the announcement, IP fell by 12% to $ 6.09 in the last 24 hours, although 36% has risen in the past month after a strong meeting. The market capitalization of the token is $ 1.8 billion, with prices still 16% lower than the all time in February.
#Story #Protocol #Heritage #Distilling #Set #Set #million #token #reserve