Greenlane’s $70M BERA treasury ends Q2 valued at $16M
Greenlane Holdings’ BERA-focused crypto treasury ended the second quarter valued at $16.4 million, less than a quarter of its $70 million cost basis, according to a regulatory filing.
On Friday, the company said it held 81.3 million BERA and BERA-equivalent tokens as of June 30. The $53.8 million gap between their cost and fair value left the portfolio 76.6% below cost.
Greenlane reported a $19.1 million noncash fair-value loss on digital assets during the quarter, contributing to a net loss of $24.8 million. Meanwhile, its digital asset segment generated $309,000 in staking and yield revenue over the same period.
Greenlane Holdings is a Nasdaq-listed former cannabis accessories company that shifted to a digital asset treasury strategy centered on Berachain’s BERA token.
The company adopted BERA as its primary treasury reserve asset in October 2025, after completing a $110.7 million private placement. It increased its holdings from 77.7 million BERA and equivalent tokens at the end of March despite the declining valuation.
BERA has fallen 75.9% year to date and was trading at about $0.146 at the time of writing, according to CoinGecko. The token briefly traded above $1.20 earlier this year before declining steadily toward $0.15.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
