Greenlane’s BERA treasury value drops to $16.4 million by Q2 end, 76.6% below $70 million cost basis
AI Market Summary
Greenlane's filing shows its BERA-centric treasury fell to $16.4M versus a $70M cost basis, implying a 76.6% drawdown and a $19.1M non-cash fair-value loss that helped drive a $24.8M quarterly net loss. While staking/yield revenue ($309K) offsets little, the disclosure highlights treasury-strategy downside and may pressure sentiment and liquidity around BERA-linked exposure.
Impact level
● Medium
Affected assets
BERA/USDT-3.23%
AI Insight · BERA/USDTAI Insight
▼ Bearish
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Greenlane Holdings said its BERA-focused crypto treasury had a fair value of $16.4 million at the end of the second quarter, versus a $70 million cost basis, leaving it 76.6% below cost. The company recorded a $19.1 million noncash fair-value loss on digital assets, contributing to a quarterly net loss of $24.8 million. Over the same period, its digital asset segment generated $309,000 in staking and yield revenue. Greenlane adopted BERA as its primary treasury reserve asset in October 2025 after completing a $110.7 million private placement.
