Greenlane Holdings, Inc. (Nasdaq: GNLN) provided an update on its digital asset treasury, reporting that as of February 27, 2026, it held approximately 70.4 million units of BERA, the native token of the Berachain network. The company has completed the deployment of about 50 million units into validator infrastructure, a move designed to align with Berachain's protocol-level decentralization constraints.
Between December 4, 2025, and February 27, 2026, Greenlane acquired approximately 9 million units of BERA at prices ranging from $0.40 to $0.93 per unit. The validator deployment includes about 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 also stakes substantially all of its liquid on-chain holdings of BERA 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 network conditions.
In a leadership update, Greenlane announced the appointment of Jason Hitchcock as Chief Executive Officer on February 18, 2026. Hitchcock, a technology executive with over 15 years of experience in SaaS, blockchain infrastructure, and decentralized finance, 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 (DAT) initiatives, such as 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. 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," said Jason Hitchcock.
Greenlane, originally a platform for premium lifestyle accessories, initiated a Berachain-focused digital asset treasury strategy in October 2025, dedicated to acquiring BERA and increasing BERA-per-share through treasury management. The company is a Berachain ecosystem participant focused on supporting blockchain-based infrastructure, including assets and applications built on Berachain. It engages in network staking, validator participation, liquidity provisioning, and strategic initiatives 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 reports raising $150 million from investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, and SBI VC Trade.
For more details on the Berachain network and staking rates, visit Berachain Stake Hub. The company's SEC filings are available at sec.gov.
