Greenlane's BERA Treasury Tanks by 76.6% Amid Crypto Market Volatility

Greenlane's BERA treasury has taken a significant hit, falling to $16.4 million in fair value at the end of Q2. This represents a decline of 76.6% from its $70 million cost basis.

The company held 81.3 million BERA and equivalent tokens as of June 30, up from 77.7 million at the end of March. Despite this increase in holdings, the fair value loss has contributed to Greenlane's net loss for the quarter.

BERA's price has been on a downward trend since the start of the year, falling 75.9% to its current trading level near $0.146.