Greenlane Holdings’ bet on Berachain’s BERA token has produced a stark paper loss, with the company’s crypto treasury ending the second quarter of 2026 valued at $16.4 million against a $70 m
Greenlane Holdings’ bet on Berachain’s BERA token has produced a stark paper loss, with the company’s crypto treasury ending the second quarter of 2026 valued at $16.4 million against a $70 million cost basis, according to a regulatory filing disclosed on Friday.
As of June 30, Greenlane held 81.3 million BERA and BERA-equivalent tokens. The $53.8 million gap between their acquisition cost and fair market value left the portfolio 76.6% underwater. The company recorded a $19.1 million noncash fair-value loss on its digital assets during the quarter alone, which fed directly into a net loss of $24.8 million for the period.
