New 'IP Treasury Strategy' Company Heritage Distilling's Stock Price Plunges 15% in Pre-market Trading

BlockBeats News, August 11th, according to rockflow data, the stock price of the new "IP Treasury Strategy" company Heritage Distilling (CASK) fell 15% in pre-market trading to $0.59.

BlockBeats previously reported that Heritage Distilling Holding Company (NASDAQ: CASK) announced today that it has completed a $220 million private financing ($100 million cash and $120 million in IP tokens), with this round of financing led by the Story Foundation and institutional investors such as a16z crypto and Amber Group. The funds will be used to launch the world's first IP token digital asset treasury strategy.