Business
Greenlane Provides Digital Asset Treasury Update: Completes Deployment of Approximately 50 Million Units of BERA
Total holdings of approximately 70.4 million units of BERA as of February 27, 2026 Up to 50 million units of BERA deployed into validator infrastructure
About this update from Greenlane Holdings, Inc.
[{"type":"text","content":"Total holdings of approximately 70.4 million units of BERA as of February 27, 2026 Up to 50 million units of BERA deployed into validator infrastructure across multiple operators Jason Hitchcock appointed Chief Executive Officer to advance DAT strategy BOCA RATON, Fla., March 03, 2026 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq: GNLN), a company with a Berachain-focused Digital Asset Treasury (“DAT”), is providing an update on its holdings of units of BERA and deployment activity. Digital Asset Treasury Holdings Update As of February 27, 2026, the Company held approximately 70.4 million units of BERA1. Since the Company’s last treasury update on December 8, 2025, the following developments have occurred: BERA Purchases: Between December 4, 2025 and February 27, 2026, the Company acquired approximately 9 million units of BERA at prices ranging from approximately $0.40 to $0.93 per unit of BERA. Validator Deployment: In January 2026, the Company announced plans to deploy up to 50 million units of BERA into validator infrastructure on the Berachain network comprising approximately 20 million units of BERA across two independently operated validators (announced January 20, 2026) and up to 30 million units of BERA through a partnership with Infrared Finance (announced January 26, 2026). Validator deployment has been structured across multiple operators and is intended to align with Berachain’s protocol-level decentralization constraints. As of February 27, 2026, the Company had deployed approximately 50 million units of BERA into validator infrastructure. Staking Activity: The Company has sought to stake substantially all of its liquid on-chain holdings of BERA, including units held directly or managed pursuant to structured agreements, through Proof of Liquidity (“PoL”) staking and validator participation. As of February 27, 2026, the publicly reported annualized PoL staking rate on the Berachain network was approximately 25%2, subject to prevailing network conditions3. Leadership Update On February 18, 2026, the Company announced the appointment of Jason Hitchcock as Chief Executive Officer. Mr. Hitchcock is a technology executive with over 15 years of experience building and scaling revenue engines across SaaS, blockchain infrastructure, and decentralized finance. He most recently served as ...