Greenlane’s $70.2 million BERA holdings fall 77% by June 30, raising Nasdaq delisting risk
AI Market Summary
Greenlane's disclosure that its ~81.3m BERA position is marked ~77% below a $70.2m cost basis highlights sharp drawdowns and valuation risk in altcoin treasuries. The associated $19.1m non-cash fair-value loss and dwindling liquidity also raise financing and governance concerns. Potential Nasdaq MVLS rule changes amplify headline risk via delisting mechanics, pressuring sentiment around BERA-linked corporate holders.
Impact level
● Medium
Affected assets
BERA/USDT+20.81%
AI Insight · BERA/USDTAI Insight
▼ Bearish
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Nasdaq-listed Greenlane Holdings said it holds about 81.3 million BERA tokens with a $70.2 million cost basis, but their fair value stood at $16.4 million at the end of the second quarter, down 77%. The company posted a second-quarter net loss of $24.8 million, including a $19.1 million non-cash hit from changes in the fair value of digital assets. Greenlane warned that a prolonged decline in its market value could trigger Nasdaq listing rules and create a delisting risk without a standard cure period.
