Greenlane’s $70M BERA treasury ends Q2 valued at $16M
Summary
Greenlane Holdings’ BERA-focused crypto treasury was worth $16.4 million at quarter-end, down from a $70 million cost basis and 76.6% below cost. The company held 81.3 million BERA and BERA-equivalent tokens as of June 30, up from 77.7 million in March. It recorded a $19.1 million noncash fair-value loss on digital assets for the quarter, helping drive a $24.8 million net loss, while staking and yield revenue totaled $309,000. Greenlane, which shifted from cannabis accessories to a Berachain-based treasury strategy after a $110.7 million private placement, has seen BERA fall sharply this year.
