Story’s native IP token hits record highs as finance company Heritage Distilling improves its strategy
Source: CoinWorld
Time: 2025-09-10 02:57:39
Shares soared nearly 20% after Heritage Distilling (CASK) became the first publicly traded company to build a reserve of funds for Story Protocol’s IP tokens on Tuesday. The company announced plans to launch a Treasury Dashboard, which tracks IP holdings, outstanding shares and net asset valuations. High-profile new members include Phil Blows of B2 Capital as chief information officer, as well as potential board members such as former Google executive David Lee and former CoinMarketCap CEO Erick Zhang. Heritage received $220 million in PIPE financing from investors such as a16z and Polychain, aiming to advance its IP strategy. Story Protocol's IP token hit an all-time high of $11.66, up 31% in 24 hours.