IP Strategy (IPST)
DATA Network validator and token treasury paired with an asset-light whiskey licensing business.
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Combines a DATA-token treasury and validator operation with an asset-light whiskey business. Revenue comes from staking, validation, delegated-stake commissions, covered-call premiums, wholesale distribution, e-commerce, and tribal brand licensing, while token holdings and validator economics are tied to the DATA Network.
Operates an IP Strategy Segment that holds and stakes DATA tokens, runs DATA Network validators, earns validation and delegation fees, and writes covered calls; and a Heritage Distilling Segment that markets whiskey brands. The digital operation uses AWS, institutional custodians, and blockchain infrastructure, while spirits sales are principally domestic.
Earns digital-asset revenue from staking rewards, validator fees, commissions on third-party delegations, and covered-call premiums. The restructured spirits operation relies on wholesale distributors, direct-to-consumer e-commerce, contract production, and Tribal Beverage Network partners that license Heritage brands and operating support. Token accumulation and validator revenue depend on DATA Network activity, protocol rewards, stake share, and uptime; digital-asset and spirits operations remain subject to distinct regulatory regimes.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $92.7K · Total debt $4.6M · Total assets $42.8M · Shareholders' equity $32.4M
- Revenue
- $1.7M
- Operating income
- −$66.4M
- Net income
- −$66.7M
No dividends on record.
| Institutions19 holders · as of Mar 31, 2026 | 10.88% | 74.6K shares | |
| Insiders5 holders · as of Aug 3, 2026 | 2.49% | 17.1K shares | |
| Otherremainder | 86.63% | 594.3K shares |
686.1K company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (686.1K in the company's Sep 3, 2026 report, 549.0K elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Arrington Capital Management, LLCInstitution | 3.01% | 413,701 | 13Fas of Mar 31, 2026 |
Citadel Advisors LLCInstitution | 1.84% | 252,728 | 13Fas of Mar 31, 2026 |
Polar Asset Management Partners Inc.Institution | 1.21% | 165,480 | 13Fas of Mar 31, 2026 |
Jennifer D. H. StiefelInsiderdirector, officer: President & Secretary | 0.92% | 6,313 | Form 4filed Aug 3, 2026 ↗ |
Justin B. StiefelInsiderdirector, officer: CEO & Treasurer | 0.92% | 6,313 | Form 4filed Aug 3, 2026 ↗ |
| See all 24 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
- Diageo (ADR)
Global whiskey portfolio competing for U.S. premium-spirit demand.
- MGP Ingredients
Branded bourbon and distilling platform competing across whiskey channels.
- Constellation Brands
Craft-whiskey rival with large U.S. beverage distribution reach.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IP Strategy | $4.08 | −0.73% | $2.3M | — | 0.9 | 0.2 | +331.9% |
| Diageo (ADR) | $90.31 | −0.88% | $50.66B | 28.9 | — | 2.6 | −2.6% |
| MGP Ingredients | $16.84 | +2.25% | $360.4M | — | 10.1 | 0.7 | −14.5% |
| Constellation Brands | $129.92 | +0.43% | $22.09B | 12.3 | 10.9 | 2.4 | −3.3% |
| Median | 20.6 | 10.5 | 2.4 | −3.3% |