GIG HARBOR, Wash.--(BUSINESS WIRE)--Aug 25, 2025-- Heritage Distilling Holding Company, Inc. (Nasdaq: CASK) today announced the successful completion of its $223.8 million private placement offering, consisting of $95M in cash and $128.8M in $IP tokens, with support from Story Foundation and other leading investors, including a16z crypto, Amber Group, Arrington Capital, dao5, Hashed, Mirana Ventures, Neoclassic Capital, Open World, Polychain Capital, Selini Capital, Stix, Syncracy Capital and others, to support the launch of a first-of-its-kind $IP token digital asset treasury strategy. The transaction closed on August 15, 2025. As a result, Heritage now holds more 53.2 million $IP tokens on its balance sheet worth more than $320 million based on the August 22, 2025 closing price of $6.0668 per $IP token 1, including the acquisition of 23,529,411.76 $IP tokens at $3.40 per token using $80 million in cash proceeds from the transaction.