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Daniel Kuhn

Brevan Howard Secured $25M Refund Clause in Berachain Series B Investment

Brevan Howard's Nova Digital subsidiary obtained a one-year refund right on its $25 million investment in Berachain's Series B round, according to documents reviewed by Unchained. The arrangement allows the firm to recoup its stake until February 6, 2026, despite co-leading the $69 million funding at a $1.5 billion valuation. BERA currently trades around $1, down approximately 67% from the $3 investment price.
BERA
BERA-3.81%
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