IP Strategy Holdings, Inc. (IPST) company profile
Close on Nov 11, 2026Market cap $2.09MP/E –Yield 0.00%
About IP Strategy
Beverages, SIC 2080
The company operates two primary segments: digital asset infrastructure and craft spirits. In its technology business, the firm runs validator nodes on the Story Network layer 1 blockchain, where it validates transactions, secures the network, and stakes its digital asset reserves. It also offers validation services to third parties who delegate tokens to its nodes in exchange for a commission fee. Through its subsidiary, Heritage Distilling Company, the enterprise produces and sells craft whiskeys and flavored spirits. Its customers comprise blockchain network participants, independent token delegators, wholesale spirits distributors, direct-to-consumer beverage purchasers, and tribal partners participating in licensing agreements.
Operationally, the firm maintains validator infrastructure hosted through cloud services and utilizes regulated third-party custodians across the United States for asset storage. Its distilling division conducts wholesale distribution, direct consumer transactions, and partnership management via the Tribal Beverage Network. The provided documentation does not specify the company's corporate headquarters location, facility count, or geographic footprint.
Summary of the business section of IP Strategy's latest annual report, written by StockData.
Company profile
Company
- Legal name
- IP Strategy Holdings, Inc.
- Founded
- 2016
- Headquarters
- Gig Harbor, WA
- Address
- 11010 Harbor Hill Drive # B-308 98332
- Phone
- (253) 509-0008
- Website
- ipstrategy.co
- Employees
- 21, Dec 31, 2025
- Industry
- Beverages
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Marcum LLP, Costa Mesa, California
Stock & identifiers
- Ticker
- IPST
- Former tickers
- CASK until Sep 22, 2025
- Exchange
- Nasdaq
- IPO date
- Nov 25, 2024
- Shares outstanding
- 1M, Oct 22, 2026
- Public float
- $5.09M, Jun 30, 2025
- Filer category
- <br>Emerging growth company
- Stock splits
- 1-for-20 reverse, Apr 23, 2026; 1-for-20 reverse, Nov 5, 2025
- SEC CIK
- 1788230
- CUSIP
- 42727R302
- ISIN
- US42727R3021
- FIGI
- BBG01BY443J7
- Share class FIGI
- BBG01BY443K5
- LEI
- 64886Y8EUO4NB680G967
- EIN
- 83-4558219
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jennifer D. H. Stiefel | President & Secretary, Director | 7,484 |
| Justin B. Stiefel | CEO & Treasurer, Director | 7,484 |
| Michael Carrosino | EVP of Finance & CFO | 4,363 |
| Beth A. Marker | SVP of Tribal Partnerships | 527 |
| Danielle B. Perkins | SVP of Wholesale Operations | 503 |
| Brian C. Jun | Director | – |
| Andrew M. Varga | Director | 454,500 |
| Matthew J. Swann | Director | 119,065 |
| Jeffrey P. Wensel | Director | 151,443 |
| Christopher H. Smith | Director | 104,500 |
| Eric S. Trevan | Director | 107,394 |
| Troy Alstead | Director | 114,500 |
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|
| Justin B. Stiefel Chief Executive Officer and Treasurer | $159.36K | $150.04K | $154.91K | $464.31K | +49% |
| Jennifer D.H. Stiefel President and Secretary | $164.39K | $139.80K | $134.68K | $438.87K | +39% |
| Michael Carrosino Executive Vice President, Finance and Chief Financial Officer | $215.12K | $223.89K | $203.88K | $642.88K | +205% |
| Beth A. Marker Senior Vice President, Retail Operations | $168.52K | $51.72K | $21.72K | $241.96K | +33% |
| Danielle B. Perkins Senior Vice President, Wholesale | $134.81K | $59.87K | $79.98K | $274.66K | +59% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Nov 25, 2024
- Offer price
- $4.00
- Securities offered
- 1,687,500
- Gross proceeds
- $6.75M
- Exchange
- Nasdaq
- First trading day
- Nov 22, 2024
- First-day close
- $3.40-15.0%
- Lock-up ends (est.)
- May 21, 2025
“T he initial public offering price per share of our common stock is $4.00 .”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of March 31, 2026, we had 21 employees, of which one worked part-time.”
Corporate history
Events identified from SEC filings
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