Greenlane’s $70M BERA treasury ends Q2 valued at $16M
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Greenlane Holdings’ crypto treasury focused on the Berachain token BERA was valued at $16.4 million at the end of Q2, significantly down from its original cost basis of $70 million. The company held 81.3 million BERA and equivalent tokens as of June 30, reflecting a 76.6% decline from 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.
Why it matters
The steep decline in the valuation of Greenlane’s BERA holdings highlights the volatility and risk associated with crypto treasury strategies, especially for companies transitioning their core business to digital asset focus. The loss impacts Greenlane’s financial results and may influence how investors view treasury management involving volatile tokens like BERA.
Key context
Greenlane Holdings is a Nasdaq-listed company that shifted from cannabis accessories to a digital asset treasury strategy centered on BERA tokens. It adopted BERA as the primary treasury reserve asset in October 2025, following a $110.7 million private placement. Despite the token’s declining price—down 75.9% year to date—Greenlane increased its BERA holdings during Q2. The token traded above $1.20 earlier this year but steadily fell to approximately $0.146 at the end of June.
Key numbers and entities
The treasury held 81.3 million BERA and BERA-equivalent tokens valued at $16.4 million as of June 30, down from a $70 million cost basis. Greenlane reported a $19.1 million noncash loss on digital assets and a net loss of $24.8 million in Q2. The digital asset segment generated $309,000 in staking and yield revenue. BERA token price was about $0.146 at the end of Q2. Greenlane Holdings is a Nasdaq-listed company.
What remains unclear
The source does not flag any open questions or uncertainties beyond the financial data and token valuation provided.