BlockBeats news, on August 11, according to rockflow data, the stock price of the new 'IP treasury strategy' company Heritage Distilling (CASK) fell 15% in pre-market, currently reported at $0.59.
BlockBeats previously reported that Heritage Distilling Holding Company (NASDAQ: CASK) announced today the completion of a $220 million private placement financing ($100 million in cash and $120 million in IP tokens), with this round of financing participated by the Story Foundation and institutions such as a16z crypto and Amber Group, aimed at launching the world's first IP token digital asset treasury strategy.