Latest news with #BitcoinBourbon™
Business Upturn
20 hours ago
- Business
- Business Upturn
Heritage Distilling Company Advances Strategic Crypto Initiatives
Board adopts cryptocurrency reserve policy as part of treasury diversification Bitcoin Bourbon™ pre-launch and giveaway contest unveiled FinTech veteran Matt Swann appointed to Board of Directors Redefines CPG Sector to 'Crypto Product Goods' GIG HARBOR, Wash., June 05, 2025 (GLOBE NEWSWIRE) — Heritage Distilling Holding Company, Inc. (NASDAQ: CASK), North America's most awarded craft distillery, is pioneering a new category: Crypto Product Goods (CPG). This marks a shift from traditional consumer packaged goods to products built around blockchain technologies and cryptocurrency integration, making Heritage the first craft spirits company to accept crypto as a form of payment for spirits. Cryptocurrency Treasury Reserve Policy Adopted The Company recently adopted a Cryptocurrency Treasury Reserve Policy as part of a broader strategy to diversify corporate sales and treasury operations. As a first step, the Company is preparing the pre-launch of its Bitcoin Bourbon™, which customers will be able to purchase using Bitcoin. Heritage is also exploring crypto payments across its supply chain, beginning with Canadian suppliers, as it refines its blockchain protocols and infrastructure. 'Our transition to a Crypto Product Goods company reflects our commitment to meeting customers where they are,' said Justin Stiefel, CEO and Co-founder. 'This isn't just about accepting crypto payments—it's about reshaping the future of how consumer brands connect and engage. We're redefining what CPG means in the digital age.' Strategic Leadership for a Digital Future To support this evolution, Heritage appointed Matt Swann, a FinTech leader with nearly 30 years of experience in payments and digital infrastructure, to its Board of Directors. Swann now chairs the newly formed Technology and Cryptocurrency Committee, guiding the company's digital roadmap and blockchain strategy. Swann's team is actively developing: On-chain loyalty programs Product-linked NFTs Tokenized supply chains Decentralized consumer engagement tools 'Heritage is merging real-world products with the power of decentralized technology,' said Matt Swann. 'This isn't just innovation—it's transformation.' Looking Ahead With fewer than 125 public companies adopting crypto treasury strategies, Heritage stands out as a forward-thinking leader in both spirits and digital finance. The implementation of its cryptocurrency reserve policy marks the beginning stages of multi-stage initiative to ensure regulatory compliance while evolving as a crypto-enabled ecommerce brand. Company plans to unveil additional crypto-aligned products and partnerships in the months ahead. About Heritage Distilling Company, Inc. Bitcoin Bourbon™ is part of the company's broader strategy to integrate cryptocurrency into its operations. Heritage is among the premier independent craft distilleries in the United States, offering a variety of whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails. Heritage has been North America's most awarded craft distillery by the American Distilling Institute for ten consecutive years out of the more than 2,600 craft producers. Beyond this remarkable achievement, Heritage has also garnered numerous Best of Class, Double Gold, and Gold medals at esteemed national and international spirits competitions. As one of the largest craft spirits producers on the West Coast by revenue, the company is expanding its presence nationwide through a diverse range of sales channels, including wholesale, on-premises venues, e-commerce, and the innovative Tribal Beverage Network (TBN). The TBN initiative, a groundbreaking collaboration with Native American tribes, focuses on developing Heritage-branded distilleries, unique tribal brands, and tasting rooms tailored to tribal communities. By serving patrons of tribal casinos and entertainment venues, the TBN creates meaningful economic and social benefits for participating tribes, while providing an additional avenue for tribes to exercise and strengthen their sovereignty. This unique partnership reflects Heritage's commitment to innovation, community engagement, and sustainable growth. Forward-Looking Statements This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as 'aims,' 'anticipates,' 'believes,' 'could,' 'estimates,' 'expects,' 'forecasts,' 'goal,' 'intends,' 'may,' 'plans,' 'possible,' 'potential,' 'seeks,' 'will,' and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Any forward-looking statements in this press release are based on Heritage's current expectations, estimates, and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with the development and release of the Bitcoin Bourbon™ product, the success of the pre-release sign-up campaign and associated contest, any liabilities created by sponsoring the contest, the impact of any new or anticipated business developments that would be expected to result therefrom, and other risks described in Heritage's registration statement on Form S-1, and its quarterly 10-Q and annual 10-K filings, which are on file with the SEC. Heritage explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law. Investor Contact:(800) 595-3550 [email protected]
Associated Press
3 days ago
- Business
- Associated Press
Heritage Distilling Announces Bitcoin Bourbon: Limited-Edition Crypto-Inspired Whiskey Launch & 1 BTC Giveaway
GIG HARBOR, Wash., June 03, 2025 (GLOBE NEWSWIRE) -- Heritage Distilling Holding Company, Inc. (NASDAQ: CASK), the most awarded craft distillery in North America for the past ten years, today announced the upcoming launch of Bitcoin Bourbon ™: a limited-edition Kentucky straight bourbon whiskey designed to celebrate the spirit of decentralization, the rise of digital currency culture and the future of digital payments for e-commerce retailers. This release coincides with Heritage's newly adopted Cryptocurrency Treasury Reserve Policy, under which the company will accept Bitcoin (BTC) as a form of payment and may hold BTC as a strategic asset. Bitcoin Bourbon will be released at a bold 106.15 proof, reflecting both the strength of the whiskey and alluding to the often-used term of '6.15' in Bitcoin parlance as a sign of financial freedom. Crafted to meet the expectations of modern consumers, it represents a fusion of 'old-world' distilling and 'next-gen' commerce. 'With Bitcoin Bourbon, we're blending centuries of whiskey-making culture with the frontier mindset of crypto adopters,' said Justin Stiefel, Co-Founder and CEO of Heritage. 'We believe in meeting our customers where they are—and increasingly, they're asking to pay with digital assets.' To mark this launch, Heritage is offering a chance to win one full Bitcoin through the Bitcoin Bourbon 'Bitcoin Giveaway': 'This isn't just about what's in the bottle,' added Matt Swann, Chair of Heritage's Technology and Cryptocurrency Committee. 'It's about aligning with a values-driven community that believes in ownership, transparency, and innovation. Bitcoin Bourbon is an invitation to drink with purpose.' The product will be available exclusively through Heritage's direct-to-consumer e-commerce platform, with Bitcoin as a supported payment method. The company plans to unveil final product details, including age and mash bill, closer to the official release. This initiative is part of a broader digital commerce strategy driven by Heritage's cryptocurrency policy and commitment to pioneering new methods of customer engagement. About Heritage Distilling Company, Inc. Bitcoin Bourbon™ is part of the company's broader strategy to integrate cryptocurrency into its operations. Heritage is among the premier independent craft distilleries in the United States, offering a variety of whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails. Heritage has been North America's most awarded craft distillery by the American Distilling Institute for ten consecutive years out of the more than 2,600 craft producers. Beyond this remarkable achievement, Heritage has also garnered numerous Best of Class, Double Gold, and Gold medals at esteemed national and international spirits competitions. As one of the largest craft spirits producers on the West Coast by revenue, the company is expanding its presence nationwide through a diverse range of sales channels, including wholesale, on-premises venues, e-commerce, and the innovative Tribal Beverage Network (TBN). The TBN initiative, a groundbreaking collaboration with Native American tribes, focuses on developing Heritage-branded distilleries, unique tribal brands, and tasting rooms tailored to tribal communities. By serving patrons of tribal casinos and entertainment venues, the TBN creates meaningful economic and social benefits for participating tribes, while providing an additional avenue for tribes to exercise and strengthen their sovereignty. This unique partnership reflects Heritage's commitment to innovation, community engagement, and sustainable growth. Forward-Looking Statements This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as 'aims,' 'anticipates,' 'believes,' 'could,' 'estimates,' 'expects,' 'forecasts,' 'goal,' 'intends,' 'may,' 'plans,' 'possible,' 'potential,' 'seeks,' 'will,' and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Any forward-looking statements in this press release are based on Heritage's current expectations, estimates, and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with the development and release of the Bitcoin Bourbon product, the success of the pre-release sign-up campaign and associated contest, any liabilities created by sponsoring the contest, the impact of any new or anticipated business developments that would be expected to result therefrom, and other risks described in Heritage's registration statement on Form S-1, and its quarterly 10-Q and annual 10-K filings, which are on file with the SEC. Heritage explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law. Investor Contact: (800) 595-3550 [email protected]
