Greenlane Holdings, Inc. (Nasdaq: GNLN) provided an update on its digital asset treasury, reporting holdings of approximately 70.4 million units of BERA as of February 27, 2026. The company completed the deployment of about 50 million units of BERA into validator infrastructure across multiple operators on the Berachain network, aligning with protocol-level decentralization constraints.
Since its last treasury update on December 8, 2025, Greenlane acquired approximately 9 million units of BERA between December 4, 2025, and February 27, 2026, at prices ranging from $0.40 to $0.93 per unit. The deployment included 20 million units across two independently operated validators, announced on January 20, 2026, and up to 30 million units through a partnership with Infrared Finance, announced on January 26, 2026. The company has also sought to stake substantially all of its liquid on-chain BERA holdings through Proof of Liquidity (PoL) staking and validator participation, with the publicly reported annualized PoL staking rate on the Berachain network approximately 25% as of February 27, 2026.
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, 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 initiatives, including deepening participation within the Berachain ecosystem across validator infrastructure, staking, and liquidity provisioning.
“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, originally a platform for premium lifestyle accessories, initiated a Berachain-focused digital asset treasury strategy in October 2025. The company is a Berachain ecosystem participant focused on supporting blockchain-based infrastructure. Berachain (BERA) is the first blockchain powered by Proof of Liquidity, an extension of Proof of Stake that aligns network security with ecosystem liquidity. It uses three native tokens: BERA (gas and staking), BGT (governance and rewards), and HONEY (native stablecoin).
The announcement underscores Greenlane's commitment to building long-term shareholder value through disciplined capital allocation and active participation in the Berachain ecosystem. The company's treasury strategy aims to increase BERA-per-share through acquisitions, staking, and validator operations. More details on the company's activities can be found in its filings with the SEC at www.sec.gov.
