📣 Heritage Distilling will become the first public NASDAQ company with reserves in $IP tokens.

⚫Heritage Distilling (NASDAQ: CASK) announced a placement of $220 million to purchase $IP tokens from the Story blockchain at $3.40 per token.

⚫As a result of the deal, the company will receive 52.5 million tokens worth $361 million. The Story Foundation will use the funds raised to buy back tokens on the market.

🧷Among the investors are a16z crypto, Polychain Capital, Amber Group, Arrington Capital, Hashed, Mirana Ventures, and other leading crypto funds.

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