on Greenlane Holdings, Inc. (NASDAQ:GNLN)
Greenlane Announces $110 Million Investment for BERA Strategy
Greenlane Holdings, Inc. announced a $110 million private placement to advance its Berachain cryptocurrency treasury strategy. The investment, led by Polychain Capital, signifies Greenlane's commitment to establishing one of the largest BERA cryptocurrency reserves.
Berachain, a Layer 1 blockchain utilizing Proof of Liquidity, underpins this initiative. BERA, Berachain's token, will be Greenlane's primary treasury asset, set to enhance on-chain economic scaling. Ben Isenberg will oversee the BeraStrategy as Chief Investment Officer, while Bruce Linton and Billy Levy join the board.
The transaction involves class A stock sales, intending proceeds for BERA acquisition and corporate objectives. Completion is anticipated by October 23, 2025. Greenlane’s stock remains on Nasdaq (GNLN) as the strategy rolls out, aiming for transparency and ecosystem engagement.
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