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Greenlane reports $19M loss as value of BERA tokens plummets 76% in 2026

Market News
17 Aug 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Greenlane Holdings posted a $24.8 million net loss in Q2 2026, largely due to a $19.1 million non-cash write-down on its digital asset holdings, specifically the BERA token of Berachain, which has dropped 76% this year. The company bought 81.3 million BERA tokens for $70.2 million, now valued at just $16.4 million. Greenlane shifted from cannabis accessories to a digital asset treasury strategy in late 2025, but the sharp decline in BERA’s value and limited cash reserves raise concerns about its financial stability and future operations. The company’s strategy mirrors MicroStrategy’s Bitcoin approach but with higher risk due to focusing on a single, less liquid altcoin.

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