Greenlane Holdings, Inc. (Nasdaq: GNLN) provided an update on its digital asset treasury, revealing it held approximately 70.4 million units of BERA as of February 27, 2026. The company completed the deployment of about 50 million BERA into validator infrastructure on the Berachain network, a key step in its strategy to generate yield through Proof of Liquidity staking and validator participation.
Since its last treasury update on December 8, 2025, Greenlane acquired roughly 9 million BERA through open-market purchases at prices ranging from $0.40 to $0.93 per unit. The company also deployed 50 million BERA across multiple operators, including 20 million units through two independently operated validators and up to 30 million units via a partnership with Infrared Finance. As of February 27, the publicly reported annualized Proof of Liquidity staking rate on Berachain was approximately 25%, though this rate is subject to change based on network conditions.
In a leadership move, Greenlane appointed Jason Hitchcock as Chief Executive Officer on February 18, 2026. Hitchcock, a technology executive with over 15 years of experience in SaaS, blockchain infrastructure, and decentralized finance, previously served as Head of Business Development at thirdweb. His mandate includes overseeing corporate strategy, capital allocation, and the continued development of the company's Digital Asset Treasury (DAT) initiatives, including deepening participation in the Berachain ecosystem.
“Since joining Greenlane, my immediate focus has been on the disciplined execution of our Digital Asset Treasury strategy,” said Jason Hitchcock, CEO of Greenlane. “We have continued to deploy units of BERA into validator infrastructure across the Berachain ecosystem and remain focused on transparent reporting and prudent capital allocation as we seek to build long-term value for shareholders.”
Greenlane initiated its Berachain-focused digital asset treasury strategy in October 2025, aiming to acquire BERA and increase BERA-per-share through treasury management. The company engages in network staking, validator participation, and liquidity provisioning to support blockchain-based infrastructure. Berachain, the first blockchain powered by Proof of Liquidity, aligns network security with ecosystem liquidity and operates with three native tokens: BERA, BGT, and HONEY. The network has raised $150 million from investors including Brevan Howard, Framework Ventures, and Polychain Capital.
The company cautioned that BERA is a digital asset subject to extreme price volatility, regulatory uncertainty, and technological risk. Forward-looking statements regarding the DAT strategy and Berachain ecosystem development involve known and unknown risks, as detailed in Greenlane's SEC filings available at www.sec.gov.
