Heritage Distilling expands its Story treasury to $320m IP tokens
Heritage Distilling, a Nasdaq-listed craft distillery based in the United States, has successfully added over $320 million in Story token to its treasury.
- Nasdaq-listed Heritage Distilling has completed a $223.8 million raise.
- The company recently bought over 23.5 million Story IP tokens.
- Heritage holds over 52 million IP tokens worth $320 million as a treasury asset.
Heritage announced the milestone on Aug. 25, with this coming as the digital assets space records a notable surge in public companies with crypto treasury strategies. Story Protocol IP is one of those attracting attention.
The company, known for products such as whiskeys, vodkas, gins, and rums, has completed a $223.8 million private placement with $95 million in cash and $128.8 million in IP tokens.
Story Foundation and a16z crypto, among other top venture capital firms, backed the transaction.
In a double milestone, Heritage also used the offering to clear more than $19 million in debt and future obligations.
“This dual milestone strengthens our balance sheet while positioning us for growth opportunities in spirits, while simultaneously participating in the IP economy through our token holdings,” said Justin Stiefel, chief executive officer and co-founder of Heritage.
How many IP tokens does Heritage hold?
Per details Heritage shared on Aug. 25, the company has grown its IP holdings to over 53.2 million.
As of Aug. 22, Heritage’s Story treasury was worth more than $320 million in IP tokens. The haul includes over 23,529,411 IP tokens acquired at $3.40 per token, which the publicly traded company scooped for $80 million in cash using proceeds from the private placement transaction.
Notably, Story Foundation and Heritage Distilling disclosed a $360 million IP treasury strategy on August 11.
Why is this big for Story?
Heritage plans to tap into its IP tokens for yields via staking. It also intends to support the blockchain protocol’s long-term growth and value.
Story boasts venture capital backing to the tune of $136 million, with prominent players such as Polychain and Samsung Ventures adding to a16z, Hashed, Arrington, and Amber Group. The intellectual property infrastructure platform launched its mainnet in February 2025.
Growth in the tokenized IP space has helped the native token’s value jump from lows of $2.50 in June to highs near $7.00 in August 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP's $3 Hold Sparks Debate: Breakout or Bubble?
- XRP rebounded above $3, sparking speculation about sustained rallies amid Fed rate-cut expectations in September. - Analysts like Cobb and John Squire predict bullish targets ($20-$134.50) tied to XRPL adoption and tokenized asset growth. - Technical indicators show strong accumulation, with Chaikin Money Flow exceeding +0.05 and exchange net positions turning deeply negative. - Market volatility persists as Bitcoin struggles below $110k, while Ethereum ETFs face outflows despite outperforming Bitcoin in
Solana News Today: Institutional Bet: Solana's $300 Dream Backed by $1.25B Push
- Solana's 7% 24-hour dip to $189 hasn't dampened institutional confidence, with Pantera Capital planning a $1.25B investment to convert a Nasdaq-listed entity into Solana Co. - The initiative includes $500M initial funding plus $750M via warrants, building on Pantera's prior $300M investments in digital asset treasuries across multiple tokens. - Galaxy Digital, Jump Crypto, and Multicoin Capital are collaborating on a $1B Solana-focused treasury plan with Cantor Fitzgerald as lead banker, supported by the
China's Stablecoin Push: A New Era in Borderless Finance
- China accelerates stablecoin adoption for cross-border payments, with PayPal using PYUSD to reduce costs and bypass traditional banking delays. - Experts highlight stablecoins' efficiency in corporate treasury management, enabling real-time settlements and yield generation from reserve assets. - SWIFT explores digital currency integration while emerging markets leverage stablecoins for remittances and payroll in unstable currency environments. - Global $179 trillion cross-border market sees growing deman
Aave's Horizon Bridges DeFi and Institutional Finance with Real-World Collateral
- Aave Labs launched Horizon, enabling institutions to borrow stablecoins using tokenized real-world assets (RWAs) as collateral, achieving $50M TVL in its first day. - The platform integrates U.S. Treasuries, CLOs, and AAA-rated assets from partners like Superstate and Circle, bridging traditional finance with DeFi liquidity. - Leveraging Chainlink SmartData for real-time valuation and compliance frameworks, Horizon aims to activate $26.6B tokenized RWA market growth while ensuring institutional-grade sec
Trending news
MoreCrypto prices
More
