KuCoin·3 min read·medium
Greenlane's $70M Berachain Token Investment Drops 77% to $16M, Sparks Nasdaq Delisting Concerns
✦AI Summary
Greenlane, a public company, saw its $70 million investment in the Berachain token (BERA) plummet by 77% to $16 million. This loss has raised concerns regarding the company's corporate governance and potential delisting from the Nasdaq exchange.
The public company's altcoin treasury strategy backfired as BERA holdings shrank to roughly $16 million by quarter's end.
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