Institutional developments dominate the cryptocurrency market amidst wild macro-fueled volatility.

On August 11, Nasdaq firm Heritage Distilling announced plans to launch a $220 million PIPE financing for a Story ($IP) treasury reserve.

Leading investors, including a16z, Amber Group, and Hashed, participated in the financing, which comprised $120 million in $IP coins and cash worth $100 million.

The initiative included allocating $82 million to accumulate $IP tokens, and the Story team has confirmed it will buy back the native token in the next three months.

The asset repurchase program started officially after the duo closed the deal on August 15, running until November 16.

The Story team declared:

As promised, the Story Foundation will carry out the $82M buyback program on the open market, running through November 16, 2025. The 90-day window began on August 15, 2025, following the official deal closure.

On August 15, 2025, Nasdaq: $CASK officially closed the PIPE financing to establish a treasury strategy focused on $IP. As promised, the Story Foundation will carry out the $82M buyback program on the open market, running through November 16, 2025. The 90-day window began on

The massive repurchase initiative is a crucial move in Story’s treasury strategy.

The project will use the funds to improve its ecosystem.

Notably, Story Protocol will commit the $82 million to buy $IP coins at $3.40 per token on the open market.

The move signals Story’s confidence in the native token’s long-term potential.

Further, this can mean additional opportunities for the $IP community.

Firstly, the buyback program will ensure constant liquidity for Story investors.

That’s crucial to reinforce stability during the protocol’s maturity.

Also, the initiative demonstrates institutional-grade dedication to programmable intellectual property as a legitimate asset class.

For $IP holders, the buyback serves as both a signal of trust in Story’s future ecosystem performance and a stabilising tool.

Intellectual property is among the most valuable sectors, worth approximately $80 trillion, according to Story Protocol.

However, it remains challenging to value or trade. That’s where programmable IP (intellectual property) comes in.

It introduces blockchain-based solutions that allow tokenisation of royalties, ownership, and rights.

Programmable IP promises businesses, investors, and creators fair benefits from intellectual property, especially as artificial intelligence continues to transform industries.

According to the Story Foundation:

IP is an $80T asset class and the lynchpin to AI’s advancement. This new treasury unlocks market access to a new kind of digital asset that is grounded in real-world economic fundamentals: licensing, royalties, ownership, and data provenance in the age of AI.

The native token reflected broad market performance.

$IP has dropped more than 3% in the past day to $5.71.

The altcoin’s structure displayed significant bearishness, hinting at further short-term dips before possible bounce-backs.

Technical indicators support Story Protocol’s downside trend.

Thus, broader sentiments will shape $IP’s short-term price trajectory, with institutional interest positioning the token for impressive performance in the coming weeks and months.

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