Buffalo Trace Is Going to Start Selling Its Rare Whiskeys on Sazerac's New Online Shop
Given that this is a partnership with BlockBar, there is, of course, a blockchain element to this new endeavor. These days, that concept often causes people's eyes to glaze over, but the gist is as follows: You can buy bottles from the Legacy de Forge website using a credit card, wire transfer, or Ethereum, and each purchase comes with a digital token to verify its authenticity. If you're looking to flip a bottle, that means that BlockBar can store it in its secure physical facility, and the new buyer will also have reassurance that what they are buying is legitimate.
More from Robb Report
An Oscar-Winning Film Producer Has Sold His Glitzy Miami Beach Penthouse for $4 Million
Tom Cruise Is Reportedly Buying a New Multimillion-Dollar Nautor Swan Sailing Yacht
Charlie Chaplin Once Parked His Fire Trucks Where This $12.5 Million L.A. Home Now Stands
But let's skip to the juicy part. The website had a soft opening that started on May 28, featuring some extremely rare bottles from the Last Drop—including the 27 Year Old Kentucky Straight Bourbon from Buffalo Trace Distillery that we favorably reviewed recently. Other Last Drop expressions that are currently available to bid on are the 32 Year Old Single Malt Irish Whiskey and 22 Year Old Mizunara Cask Blended Japanese Whisky. There is also a bottle of Sazerac de Forge Grande Champagne Cognac Vintage 200, Mister Sam Canadian whisky, and the new Garavogue 20 Year Old Single Malt from Sazerac's recently acquired Hawk's Rock distillery in Ireland. There will be more to come in the future, and presumably that will include some of Buffalo Trace's most collectible Kentucky bourbons and rye whiskeys, like the aforementioned Pappy and Stagg, as well as Weller, Eagle Rare, and Blanton's.
Sales will be divided up into three sections on the website: The most rare spirits will be available via auction that you will be notified of when you sign up for the newsletter; the less exclusive but still collectible bottles will be available to purchase outright during a certain window; and the more widely available bottles will be for sale at any time (while supplies last). And to celebrate the launch of Legacy de Forge, there will be an online auction starting tomorrow where you can purchase a single barrel of Blanton's Gold that includes a VIP tour and one-night stay at Buffalo Trace Distillery's Stagg Lodge. Bidding opens tomorrow, June 6, at 10 a.m. and lasts until June 20 at 10 a.m. (EST). You can visit the website now to find out more.
Best of Robb Report
Why a Heritage Turkey Is the Best Thanksgiving Bird—and How to Get One
9 Stellar West Coast Pinot Noirs to Drink Right Now
The 10 Best Wines to Pair With Steak, From Cabernet to Malbec
Click here to read the full article.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Axie Infinity exec, NFT scammer testify in Roman Storm trial
Validators, relayers, and private keys. Self-custody and 'smart contract logic.' Decentralised autonomous organisations. HODL. Jurors in the trial of Tornado Cash co-founder Roman Storm were buried under an avalanche of crypto jargon on Wednesday as prosecutors' witnesses explained — or tried to explain — the basics of blockchain technology. Those witnesses included Viet Anh Ho, the chief technology officer at Axie Infinity developer Sky Mavis, and 23-year-old Andre Llacuna, one of the people behind a $1.1 million NFT scam. Their testimony continued prosecutors' effort to show that Tornado Cash was the tool of choice for cybercriminals attempting to launder dirty crypto. Storm has been charged with conspiracy to commit money laundering, operate an unlicensed money-transmitting business, and violate US sanctions. He faces 45 years in prison. Testimony Ho recalled how hackers affiliated with North Korea tricked a Sky Mavis employee into downloading malicious software. The hackers then stole more than $600 million in crypto from the software bridge connecting Ethereum and Sky Mavis' blockchain. Much of that crypto was laundered through Tornado Cash. Llacuna detailed his own scheme to steal crypto worth more than $1 million in 2022. That year, the young hairdresser and one of his clients created 8,888 NFTs featuring images of anthropomorphic scoops of ice cream called 'Frosties.' They drummed up interest in the project, promising would-be investors a Frosties-themed videogame and other features that could boost the NFTs' price. They managed to sell all 8,888 Frosties for 0.04 Ether apiece — a total of $1.1 million. Llacuna and his partners promptly deleted the Frosties website and social media accounts. Soon, they tried splitting their haul among fresh crypto wallets. But they realised that wouldn't be enough to cover their tracks. 'It was obvious to us that no matter how many wallets we sent it in and out of, it would still be traceable,' he told jurors Wednesday. One of Llacuna's partners suggested they use Tornado Cash. 'It seemed like the best option for us to hide the money and get away with it,' he said. Llacuna was arrested in March 2021. He pleaded guilty to two counts of fraud, but has yet to receive a sentence. He said Wednesday he was testifying in hopes he would receive a lenient sentence. A third witness, Tornado Cash enthusiast Justin Bram, was asked to explain how the crypto mixer works. Bram made an educational video about Tornado Cash in 2021 and soon began exchanging messages with the protocol's co-founders. They eventually suggested he take a position co-managing a pool of Tornado Cash tokens that could be used to fund marketing initiatives or research. Bram detailed its so-called relayer system, which makes crypto transfers untraceable. He explained how an 'anonymity mining' program offered Tornado Cash tokens to people who deposited and left their crypto in the protocol, beefing its transaction-cloaking capabilities. Bram said he ended his Tornado Cash affiliation in 2021 because 'the regulatory climate was heating up.' Hackers were sending money to Tornado Cash, 'and it seemed like a bad look,' he said Wednesday. But he also said the protocol provides a key service for Ethereum users who want or need privacy. And Storm had never asked him to make videos 'pitching Tornado Cash to money launderers.' 'Moment of radicalisation' Storm's attorneys, in turn, continued their attempt to reframe Tornado Cash in jurors' minds. It was not a tool built for and marketed to money launderers, Storm's attorneys suggested, but a tool for the privacy-conscious that was simply misused by cybercriminals. Under questioning from one of Storm's attorneys, Llacuna acknowledged Tornado Cash was easy to find online — not some forbidden software he had to use the so-called dark web to access. Indeed, US citizens can legally use the crypto mixer. But that wasn't always the case: In 2022, the US sanctioned Tornado Cash, making it a crime for any US citizen to use the protocol. 'The original Tornado Cash blacklist by OFAC was sort of a moment of radicalisation for me,' Tim Clancy, a member of the Silviculture Society, a group that advises the Ethereum Foundation, told DL News outside Storm's courtroom Wednesday. 'Tornado Cash was filling an extremely valuable role.' The sanctions were lifted this year after a group of Tornado Cash users successfully challenged them in court. A federal appellate judge found the government did not have the authority to sanction self-executing software that was, for all intents and purposes, owner-less. That Storm still faces a decades-long prison sentence is a grave injustice, Clancy said. He traveled from Boston to support the embattled software developer. Clancy wasn't the only person who traveled in a show of solidarity. Storm has become a cause célèbre among crypto enthusiasts, who consider his prosecution an attempt to stifle the development of privacy-preserving software. HAI developer Ameen Soleimani was in attendance Wednesday, and other notable crypto developers and enthusiasts plan on attending Storm's trial in the coming days. Clancy said he has personally donated more than $100,000 to Storm's defence — and has a plan to donate more. On Wednesday, he brought a copy of 'PGP: Source Code and Internals,' a book by software engineer Philip Zimmermann. While Zimmermann never faced criminal charges, he became a target for US authorities in the 1990s after publishing online the source code for his Pretty Good Privacy encryption protocol. Clancy spent $600 to buy the book, he said. After just one print run, it has become hard to find. He intends to ask Storm to sign the book. If Clancy succeeds, he'll auction the signed book and donate the proceeds to Storm's defence, he said. 'We don't want him to be martyred,' Clancy said. Aleks Gilbert is DL News' New York-based DeFi correspondent. You can reach him at aleks@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Fundamental Global Inc. Announces $200 Million Private Placement and Launches Ethereum Treasury Strategy on Ethereum's 10th Birthday
Charlotte, NC, July 30, 2025 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the 'Company' or 'Fundamental Global') today announced the pricing and signing of a private placement for the purchase and sale of 40,000,000 prefunded common stock warrants at a price of $5.00 (inclusive of the $0.001 exercise price) per warrant for expected aggregate gross proceeds of $200 million before deducting placement agent fees and other offering expenses (funded in a combination of cash and cryptocurrencies) to launch the Company's Ethereum treasury strategy. Fundamental Global offers investors a capital markets vehicle engineered for Ethereum - the foundation of digital finance and settlement layer for the majority of stablecoins, DeFi, and tokenized assets. The Company's structure aims to provide investors with multiple value drivers beyond ETH price appreciation, including staking rewards that support network security and access to tokenized real-world asset opportunities. With industry leaders bridging Wall Street, Decentralized Finance, and backed by world-class financial and digital assets institutions, the Company is uniquely positioned to help support the rapid adoption of Ethereum by the global financial ecosystem, which already has stablecoins leading the way. Strategic and financial investors participating in the private placement include Galaxy Digital (Nasdaq: GLXY), one of the world's leading digital asset investment firms led by CEO Mike Novogratz. Galaxy will also serve as a strategic advisor to Fundamental Global, managing its Ethereum treasury and providing asset management, yield execution, and infrastructure support. Other strategic investors include Kraken, who will work with FG Nexus strategically on treasury management and staking. The private placement saw participation from top tier global financial institutions as well as Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic. The Company intends to use the net proceeds of the offering to purchase ETH, which will serve as the Company's primary treasury reserve asset. In addition to its Ethereum treasury and staking strategy, the Company is in a unique position to apply its digital expertise in its merchant banking and reinsurance businesses to fuel the adoption of the Ethereum blockchain in real-world finance. As part of the transformation, the Company will rebrand as FG Nexus Inc., with new ticker symbols FGNX and FGNXP expected to go live shortly. The closing of the offering is expected to occur on or about August 1, 2025, subject to the satisfaction of customary closing conditions. Following the closing of the offering FG Nexus's digital asset strategy will be led by a deeply experienced team: Maja Vujinovic, CEO of Digital Assets, is an early pioneer, investor, and operator in cryptocurrencies, blockchain and AI. She helped shape the industry by acquiring the first bank for Tether and in her role as CIO of Emerging Technologies at GE, where she launched one of the first institutional-grade finance transactions on blockchain in 2015. Theodore Rosenthal, President of Digital Assets, is a hedge fund founder and manager of TMR Capital which is focused on value and event-driven equity strategies. TMR Capital is an advisor to over $2 billion in family office capital across equities and crypto and was an early investor in AI and crypto projects such asMaker, Aave, and Hyperliquid. Mr. Rosenthal is a Member of the Value Investors Club and a frequent speaker at MOI Global and other forums. Jose Vargas, Head of Business Development, was a seed investor in one of the largest Digital Assets Treasury companies. Mr. Vargas founded and exited 5 companies, including AutoWeb, BlueKite (PayPal), and BrokersWeb. He is a Co-founder and board member of ($1B+ valuation), Osigu, and PeopleFund as well as a seed investor in crypto ventures such as Akash Network. A Leadership Team Bridging Wall Street, DeFi and Web3 Joe Moglia, former Chairman and CEO of TD Ameritrade, will serve as Executive Advisor to FG Nexus, bringing decades of financial leadership and public markets expertise. Said Moglia, 'Throughout my career, I have seen foundational shifts that fundamentally alter global markets. Ethereum is the foundation layer for the next generation of financial services, and I believe that what we are creating at FG Nexus is the most strategic way for investors to not only gain access to ETH, but also participate in the future of the world's fast evolving financial system.' Kyle Cerminara, CEO and Chairman of the Company, stated, 'This marks a pivotal moment in our evolution. FG Nexus will leverage our deep capabilities in merchant banking, reinsurance, and capital markets to unlock the full potential of Ethereum as a reserve asset. We're honored to welcome Joe Moglia in an advisory capacity and thrilled to have Maja, Jose, and Theodore at the helm of our digital asset strategy. This is the future of capital allocation.' Maja Vujinovic, CEO of the Digital Asset division, added, 'Ethereum isn't just infrastructure, it's personal. As CIO of GE, I helped bring Ethereum inside one of the world's largest companies, working with Joseph Lubin, Ethereum co-founder, to explore smart contracts across a variety of business lines. That conviction hasn't changed At FG Nexus, we're building the institutional-grade rails for Ethereum treasuries, secure, transparent, yield-driven. With today marking Ethereum's 10-year anniversary, I am thrilled to be part of the next chapter in a journey that started a decade ago.' Legacy Asset Trust and Shareholder Alignment In parallel, the Company will form FG CVR Trust, a Delaware Statutory Trust, (the 'FG CVR Trust') to hold legacy non-core assets. Common shareholders of record as of August 8, 2025 will receive a non-transferable Contingent Value Right (CVR) linked to monetization of these legacy positions, ensuring alignment with long-term value creation. ThinkEquity acted as Placement Agent. Loeb & Loeb LLP served as legal counsel to the Company. BlankRome LLP represented the Placement Agent. The offer and sale of the foregoing securities were made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") registering the resale of the shares of common stock to be issued or issuable in connection with the offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Fundamental Global Inc. Fundamental Global Inc. (Nasdaq: FGF, FGFPP) and its subsidiaries engage in diverse business activities including asset management, merchant banking, reinsurance and managed services. The FG® logo and Fundamental Global® are registered trademarks of Fundamental Global LLC. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). These statements are therefore entitled to the protection of the safe harbor provisions of these laws. These statements may be identified by the use of forward-looking terminology such as 'anticipate,' 'believe,' 'budget,' 'can,' 'contemplate,' 'continue,' 'could,' 'envision,' 'estimate,' 'expect,' 'evaluate,' 'forecast,' 'goal,' 'guidance,' 'indicate,' 'intend,' 'likely,' 'may,' 'might,' 'outlook,' 'plan,' 'possibly,' 'potential,' 'predict,' 'probable,' 'probably,' 'pro-forma,' 'project,' 'seek,' 'should,' 'target,' 'view,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result' or the negative thereof or other variations thereon or comparable terminology. In particular, discussions and statements regarding the Company's future business plans and initiatives are forward-looking in nature. We have based these forward-looking statements on our current expectations, assumptions, estimates, and projections. While we believe these to be reasonable, such forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements and may impact our ability to implement and execute on our future business plans and initiatives. Management cautions that the forward-looking statements in this press release are not guarantees of future performance, and we cannot assume that such statements will be realized or the forward-looking events and circumstances will occur. Factors that might cause such a difference include, without limitation, fluctuations in the market price of ETH and any associated impairment charges that the Company may incur as a result of a decrease in the market price of ETH below the value at which the Company's ETH are carried on its balance sheet, changes in the accounting treatment relating to the Company's ETH holdings, the Company's ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations such as accounting rules as discussed below, customer acceptance of new products and services including the Company's ETH treasury strategy, general conditions in the global economy; risks associated with operating in the merchant banking and managed services industries, including inadequately priced insured risks and credit risk; risks of not being able to execute on our asset management strategy and potential loss of value of our holdings; risk of becoming an investment company; fluctuations in our short-term results as we implement our business strategies; risks of not being able to attract and retain qualified management and personnel to implement and execute on our business and growth strategy; failure of our information technology systems, data breaches and cyber-attacks; our ability to establish and maintain an effective system of internal controls; the requirements of being a public company and losing our status as a smaller reporting company or becoming an accelerated filer; any potential conflicts of interest between us and our controlling stockholders and different interests of controlling stockholders; and potential conflicts of interest between us and our directors and executive officers. Our expectations and future plans and initiatives may not be realized. If one of these risks or uncertainties materializes, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. You are cautioned not to place undue reliance on forward-looking statements. Under U.S. generally accepted accounting principles, entities are required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the income statement results. The forward-looking statements are made only as of the date hereof and do not necessarily reflect our outlook at any other point in time. We do not undertake and specifically decline any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect new information, future events or developments. Investor Contact:invest@ Media Contactmedia@
Yahoo
5 hours ago
- Yahoo
EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push
Digital trading platform eToro (ETOR) shared plans on Tuesday to tokenized U.S-listed equities on the Ethereum blockchain, joining rivals to move towards blockchain-based marketplaces. The ERC-20 tokens will represent the underlying shares held on eToro and can be redeemed back into traditional stock holdings, according to the press release. The company said the aim is to make equities tradable on-chain and compatible with decentralized finance (DeFi) applications, opening the door to around-the-clock market access. "Our goal is to tokenize every asset on eToro – starting with stocks – enabling our users to move tokenized assets onto the blockchain and from there integrate them into the broader DeFi ecosystem," CEO Yoni Assia said in a statement. "" He said that new crypto regulations like MiCA in Europe and the stablecoin-focused Genius Act in the U.S. "makes the tokenization of real-world assets a new opportunity to create digital assets that are legally backed and regulated." The move will put eToro alongside a growing roster of trading venues that recently introduced tokenized equities. Competitor Robinhood announced its stock token trading for European users last month, while several crypto exchanges including Kraken, Gemini, Bybit also debuted similar features. EToro said its tokenized stock offering build on past experiences in tokenization, acquiring Danish token startup Firmo in 2019 and launching tokenized gold and in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
