Business
Greenlane Holdings Inc Announces $110 Million Private Placement to Initiate Berachain Cryptocurrency Treasury Strategy; Expected to Become One of the Largest Publicly Traded BERA Holders
First and only Berachain ("BERA") digital asset treasury backed by the Berachain FoundationFinancing led by institutional and crypto-native investors
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"First and only Berachain (\"BERA\") digital asset treasury backed by the Berachain FoundationFinancing led by institutional and crypto-native investors including Polychain Capital with participation from several other prominent investors, including Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and more.Berachain is a Layer 1 blockchain pioneering Proof of Liquidity - a mechanism designed to accelerate the growth of onchain businesses, while capturing their value through the BERA tokenThe Company's Berachain Treasury Strategy, BeraStrategy, will be led, upon completion of the Transaction, by Ben Isenberg, who will be appointed Chief Investment Officer, with Bruce Linton joining the board as Chairman and Billy Levy joining as Director. BOCA RATON, FLORIDA / ACCESS Newswire / October 20, 2025 / Greenlane Holdings, Inc. (\"Greenlane\" or the \"Company\") (Nasdaq:GNLN) today announced the pricing and signing of a private investment in public equity (\"PIPE\") transaction (\"the Transaction\"). The Transaction is being led by Polychain Capital with participation from a high-quality group of investors including Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5 and more.The Company intends to use the net proceeds of the Transaction to implement a digital asset treasury strategy, and acquire BERA, the native cryptocurrency of the Berachain blockchain. BERA will serve as the Company's primary treasury reserve asset. BERA is the fee token of Berachain, the first Layer 1 blockchain powered by Proof of Liquidity to help businesses scale and power on-chain economies.\"I believe BERA's key differentiation is its yield source - in contrast to historic PoS chains like Ethereum and Solana, BERA's yield is fueled by the monetization of its block rewards. I think there's untapped potential in Berachain's institutional growth as a whole. The team has built, what I believe to be, one of the most recognizable brands amongst crypto natives to-date, which we believe can grow with exposure in traditional capital markets\" said Ben Isenberg, incoming Chief Investment Officer, BeraStrategy.\"We're excited to work with this talented and forward-thinking team on the development of its Treasury Strategy,\" said Jonathan Ip, General Counsel, Berachain Foundation. \"BeraStrategy represents a key step in Berachain's broader engagement with ...