IP is down 8% after rising 3% on news of the "US Stock IP Treasury Company"

BlockBeats News, August 11th, according to HTX market data, Story (IP) saw a 3% increase following the announcement on the "US Stock IP Treasury Company," then dropped over 8%, currently priced at $6.5. After the news release, it dropped by 3.3%.

BlockBeats previously reported that Heritage Distilling Holding Company (NASDAQ: CASK) announced today that it has completed a $220 million private placement ($100 million in cash and $120 million in IP tokens). Heritage will raise $100 million in cash through the issuance of common stock and warrants, while receiving IP tokens from institutions such as the Story Foundation at a fixed price of $3.4 per share.