Greenlane Holdings' BERA crypto treasury fell to $16.4M in Q2, down from a $70M cost basis, as the token lost nearly 77% of its value YTD.
Crypto Treasury News
Greenlane Holdings' BERA crypto treasury fell to $16.4M in Q2, down from a $70M cost basis, as the token lost nearly 77% of its value YTD.
A regulatory filing shows Greenlane Holdings ended Q2 2026 holding 81.3 million Berachain (BERA) and BERA-equivalent tokens worth $16.4 million, a fraction of the $70 million the company spent to build that position.
The $53.8 million gap between cost and fair value left the portfolio 76.6% below its purchase price as of June 30. BERA was trading near $0.146 at the time of the disclosure, down 75.9% from the start of the year.
From Cannabis Accessories to Crypto Treasury
Greenlane was previously a Nasdaq-listed distributor of cannabis accessories before shifting its corporate strategy to digital assets. In October 2025, the company completed a $110.7 million private placement and designated BERA as its primary treasury reserve asset shortly afterward.
Rather than reduce its exposure as prices dropped, Greenlane added to its holdings during Q1. The company held 77.7 million BERA and equivalent tokens at the end of March, meaning it accumulated more tokens between April and June even as the market value continued to fall.
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Losses Outpaced Staking Revenue by Wide Margin
The company recorded a $19.1 million noncash fair-value loss on digital assets during Q2. That figure was the largest single contributor to a net loss of $24.8 million for the period.
Staking and yield activity generated $309,000 in revenue from the same token holdings during the quarter. BERA had briefly crossed $1.20 earlier in 2026 before declining steadily toward its current level near $0.15.
Greenlane has not disclosed any changes to its treasury strategy following the results.
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