Star Metro - Greenlane Buys $8 Million worth of BERA, Maintains Approximately $32 Million Cash and Stablecoin Reserves for Berachain Treasury Strategy

The Company commenced its Berachain Treasury Strategy on October 23, 2025. Between October 23 and December 3, 2025, Greenlane purchased $8 million of BERA, expanding its BERA holdings by approximately 5.76 million BERA at an average purchase price of approximately $1.39 per BERA.

The Company has staked substantially all of approximately 8.33 million BERA, representing the liquid on-chain portion of its 60.17 million BERA position¹. The remainder of the BERA tokens remain subject to lock up or vesting. As of December 8, 2025, Greenlane has earned over 180,000 BERAfrom staking since launching the Berachain Treasury Strategy. The annualized percentage return of Berachain's Proof of Liquidity ("PoL") staking on December 3, 2025 was 30%², subject to prevailing network conditions³.

As of December 3, 2025, the Company had approximately 32 million dollars of U.S. dollar cash and dollar pegged stablecoin reserves allocated to the Berachain Treasury Strategy⁴. Purely for illustrative purposes, if BERA tokens were available at $1.00 per token and assuming no impact from the Company's own purchases on market prices, that cash would equate to approximately 31 million BERA, or roughly 23% of the estimated circulating supply as of December 3, 2025, based on data from CoinMarketCap. There is no assurance that such tokens would be available at those prices or in those quantities.

"I believe that we have maintained a disciplined investment approach throughout a volatile cryptocurrency market. We retain the vast majority of the net proceeds from our recent private investment, which puts us in a strong position to continue building out our BERA treasury and yield generation strategies over the remainder of 2025 and into 2026," said Ben Isenberg, Chief Investment Officer.

Greenlane expects to continue purchasing BERA during the fourth quarter of 2025, with plans to deploy into PoL staking and/or decentralized finance venues across the Berachain ecosystem to generate additional revenues.

About Greenlane

Greenlane is a global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. In October 2025, Greenlane initiated a Berachain treasury strategy dedicated to acquiring BERA and increasing BERA-per-share through active management of the Company's treasury. The Company is a Berachain ecosystem participant focused on supporting the development and operation of blockchain-based infrastructure, including assets and applications built on Berachain. The Company engages in network staking, liquidity provisioning, and strategic initiatives intended to contribute to the long-term sustainability of decentralized protocols within its portfolio.

About Berachain

Berachain (BERA) is the first blockchain powered by Proof of Liquidity, designed to help businesses scale and provide sustainable on-chain economies. Proof of Liquidity provides BERA with a staking yield derived from the revenues or ownership of profitable, revenue-generating companies building on the network. Berachain has raised $150M from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, SBI VC Trade and more.

Media Contacts:

Greenlane Holdings, Inc.
Investor Contact:
[email protected]

or

PCG Advisory
Kevin McGrath
+1-646-418-7002

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements." Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding progress and achievement of the Company's goals regarding BERA acquisition and staking, the long-term value of BERA, continued growth and advancement of the Company's Berachain Treasury Strategy and the applicable benefits to the Company, and other projections or statements of plans and objectives.

These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company's control, that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company's ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; changes in the regulatory landscape applicable to digital assets, including BERA; the market performance of BERA; and other risks and uncertainties described under "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Cautionary Note Regarding Digital Assets

BERA is a digital asset that is not legal tender, is not backed by any government or central bank and may be subject to extreme price volatility, regulatory uncertainty and technological risk. Investments in and exposures to digital assets such as BERA are highly speculative and may result in the loss of all or a substantial portion of the invested capital. The Company's activities involving BERA and other digital assets may not be suitable for all investors and are subject to the risks described in the "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov.

¹ Current 60.17 million BERA holding is comprised of (i) initial BERA holding of 54.23 million BERA, per Greenlane press release dated October 24, 2025, (ii) 5.76 million BERA purchased, and (iii) 0.18 million BERA earned from staking.

² Annualized protocol rate calculated using weekly data, "return" refers to protocol rewards measured in BERA units (i.e. a 30% annualized return on 100 BERA is 30 BERA). A quoted rate of return is a point-in-time protocol figure. Reward and return metrics can fluctuate rapidly, and should not be viewed as indicative of future results or as any guarantee of future performance. The current and historical annualized rates of return may be viewed at any point on https://hub.berachain.com/stake/

³ Prevailing network conditions include, but may not be limited to, protocol parameter changes, reward schedule adjustments, validator set changes and market volatility.

⁴ Per Greenlane press release dated October 24, 2025, the Company raised gross proceeds of $50 million in closed Private Investment in Public Entity Financing, or 43 million dollars in U.S. dollar cash and dollar-pegged stablecoins, net of transaction fees. Less approximately $3 million in cash used by the Company's legacy business and approximately $8 million used to purchase BERA between October 23 and December 3, 2025, leaving approximately 32 million dollars of U.S. dollar cash and dollar-pegged stablecoins remaining, allocated to the Berachain Treasury Strategy.

SOURCE: Greenlane Holdings, Inc.

View the original press release on ACCESS Newswire

X.Gaboury--SMC