Greenlane Holdings, Inc. (Nasdaq: GNLN) announced on March 3, 2026, that it has completed the deployment of approximately 50 million units of BERA into validator infrastructure on the Berachain network. As of February 27, 2026, the company held approximately 70.4 million units of BERA, representing a significant increase from its initial holdings. This deployment is part of Greenlane's Berachain-focused Digital Asset Treasury (DAT) strategy, which aims to generate returns through staking and validator participation.
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 approximately 20 million units across two independently operated validators (announced January 20, 2026) and up to 30 million units through a partnership with Infrared Finance (announced January 26, 2026). The company has structured the deployment across multiple operators to align with Berachain's protocol-level decentralization constraints.
Greenlane also reported that it has staked substantially all of its liquid on-chain BERA holdings through Proof of Liquidity (PoL) staking and validator participation. As of February 27, 2026, the publicly reported annualized PoL staking rate on the Berachain network was approximately 25%, subject to prevailing network conditions. The company views staking as a key component of its treasury strategy to generate yield on its digital assets.
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 DAT initiatives, including deepening participation within the Berachain ecosystem.
"Since joining Greenlane, my immediate focus has been on the disciplined execution of our Digital Asset Treasury strategy," said Jason Hitchcock, CEO of Greenlane. "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."
The company's digital asset treasury strategy, initiated in October 2025, is dedicated to acquiring BERA and increasing BERA-per-share through treasury management. Greenlane is a Berachain ecosystem participant focused on supporting the development and operation of blockchain-based infrastructure. The company engages 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 reports that it has raised $150 million from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, and SBI VC Trade.
