Greenlane Holdings, Inc. (Nasdaq: GNLN) has provided an update on its digital asset treasury, revealing that as of February 27, 2026, the company held approximately 70.4 million units of BERA, the native token of the Berachain network. The company has completed the deployment of approximately 50 million units of BERA into validator infrastructure across multiple operators, a move that aligns with Berachain’s protocol-level decentralization constraints.
Since its last treasury update on December 8, 2025, Greenlane acquired approximately 9 million units of BERA through open-market purchases at prices ranging from $0.40 to $0.93 per unit. The validator deployment, announced in January 2026, included 20 million units of BERA across two independently operated validators and up to 30 million units through a partnership with Infrared Finance. The company has also sought to stake substantially all of its liquid on-chain holdings through Proof of Liquidity (PoL) staking and validator participation. As of February 27, 2026, the publicly reported annualized PoL staking rate on Berachain was approximately 25%, subject to prevailing network conditions.
In a leadership update, Greenlane announced the appointment of Jason Hitchcock as Chief Executive Officer effective February 18, 2026. Hitchcock, a technology executive with over 15 years of experience in SaaS, blockchain infrastructure, and decentralized finance, most recently 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. “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 is a Berachain ecosystem participant focused on supporting blockchain-based infrastructure, engaging in network staking, validator participation, liquidity provisioning, and strategic initiatives intended to contribute to the long-term sustainability of decentralized protocols.
Berachain is the first blockchain powered by Proof of Liquidity, an extension of Proof of Stake that aligns network security with ecosystem liquidity. The network operates with three native tokens—BERA (gas and staking), BGT (governance and rewards), and HONEY (native stablecoin). Berachain has raised $150 million from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, and Samsung Next, among others.
For more information on Greenlane’s treasury activities and the risks associated with digital assets, refer to the company’s filings with the SEC at www.sec.gov. The annualized PoL staking rate can be viewed at https://hub.berachain.com/stake/.
