🔵 The Story Foundation has launched a $82 million public market buyback plan for $IP.
On August 25, DeThings reported that Heritage Distilling (CASK), a Nasdaq-listed company, completed PIPE financing on August 15 and established a treasury strategy centered around $IP, becoming the first U.S. public company to hold $IP as a treasury asset. The Story Foundation has initiated an $82 million market buyback for $IP, which officially took effect after the trading settlement on August 15 and will last for 90 days, ending on November 16. This financing and buyback plan is supported by top institutions such as a16z crypto, Arrington Capital, Amber Group, Hashed, and Polychain Capital. The Story Foundation stated that it will regularly disclose progress to the community during the buyback period to ensure transparency and market confidence.
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