Heritage Distilling shares jump as firm clarifies crypto IP strategy

Core Insights - Heritage Distilling (ticker: CASK) experienced a nearly 20% surge on Tuesday following the announcement of its strategy to establish a treasury reserve for the Story Protocol's native IP token, which the company claims will enhance its value proposition [1] Company Summary - The company is focusing on building a treasury reserve specifically for the Story Protocol's native IP token, indicating a strategic move to strengthen its financial position and market presence [1] - The surge in stock price reflects positive market sentiment towards the company's new initiative and its potential impact on future growth [1]