Greenlane recorded a cash valuation loss of $19.1 million as BERA’s value fell nearly 76% year to date.
Greenlane Holdings’ BERA-focused crypto treasury ended the second quarter valued at $16.4 million, less than a quarter of its $70 million cost basis, according to a regulatory filing.
The company said on Friday said It held 81.3 million BERA and BERA-equivalent tokens as of June 30. The $53.8 million gap between their cost and fair value put the portfolio at 76.6% below cost.
Greenlane reported a $19.1 million cash fair-value loss in the quarter, contributing to a net loss of $24.8 million. Meanwhile, its digital assets segment generated $309,000 in staking and yield income during the same period.
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