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Greenlane Holdings invests 110 million USD in a cryptocurrency reserve strategy with Berachain token (BERA)
Greenlane Holdings ( Nasdaq: GNLN ) has announced a private investment of 110 million USD to support a new cryptocurrency reserve strategy focused on the Berachain token ( BERA ). The funding round is led by Polychain Capital along with several other strategic investors, marking Greenlane's advancement into the blockchain-based asset management sector.
This capital will be used to purchase and hold BERA tokens as part of a long-term reserve diversification plan, aimed at increasing liquidity and strengthening the balance sheet. By integrating the decentralized infrastructure of Berachain, Greenlane aims to be a leading innovator in Web3 and create additional value for shareholders. This move demonstrates the company's commitment to adopting new technologies and expanding traditional business models.