KuCoin·4 min read·medium
Greenlane Reports $19M Loss from BERA Holdings Amid 76% Price Drop
✦AI Summary
Greenlane Holdings reported a significant net loss for Q2 2026, largely driven by a 76% decline in the value of its BERA token holdings. The company had pivoted to a digital asset treasury model, which has struggled due to the volatility of the altcoin.
Greenlane Holdings just posted a $24.8 million net loss for the second quarter of 2026, with a $19.1 million non-cash fair value hit on its digital asset holdings doing most of the damage. The culprit: BERA, the native token of Berachain, which has dropped nearly 76% year to date.
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