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Greenlane’s BERA treasury shrinks after token price slide

Greenlane logged a $19.1 million noncash valuation loss as BERA fell nearly 76% year to date, with the treasury’s Q2 value ending at $16 million.

Reported · Written up by our desk · Altcoins

Greenlane said the value of its BERA treasury declined after the BERA token’s price weakened sharply, ending Q2 at $16 million.

Cointelegraph reports the company recorded a $19.1 million noncash valuation loss as BERA’s price fell nearly 76% year to date.

The outlet said the company’s BERA treasury was originally tied to a $70 million value, but the end of Q2 reflected the token’s steep drawdown.

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