rewrite this title and make it good for SEO Greenlane Holdings Announces $110M Private Placement for BERA-Focused Crypto Treasury – NFTgators

Quick take:

The funding is led by Polychain Capital with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5, and more.

Ben Isenberg, who is set to be appointed Chief Investment Officer upon the completion of the transaction, will lead the Berachain Treasury Strategy, dubbed BeraStrategy.

The transactions include the purchase and sale of Greenlane shares and/or pre-funded warrants at $3.84 per share and $3.83 per pre-funded warrant.

Greenlane Holdings, Inc. (NASDAQ: GNLN) has announced a private placement to raise $110 million through the sale and purchase of Class A shares of its common stock and/or pre-funded warrants at $3.84 per share and $3.83 per pre-funded warrant.

The private investment in public equity (PIPE) is backed by the Berachain Foundation and led by Polychain Capital, with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5, and more.

According to the press release seen by NFTgators, the company plans to use the net proceeds from the transaction to establish a digital asset treasury anchored with the BERA cryptocurrency, Berachain’s native token. 

Ben Isenberg, who is set to be appointed Chief Investment Officer upon the completion of the transaction, will lead the Berachain Treasury Strategy, dubbed BeraStrategy. Bruce Linton is joining the board as Chairman, and Billy Levy as Director.

Commenting on the announcement, Ben Isenberg said in a statement: “I believe BERA’s key differentiation is its yield source – in contrast to historic PoS chains like Ethereum and Solana, BERA’s yield is fueled by the monetization of its block rewards. I think there’s untapped potential in Berachain’s institutional growth as a whole.”

Jonathan Ip, General Counsel, Berachain Foundation, commented: “BeraStrategy represents a key step in Berachain’s broader engagement with capital markets and institutional participants. The team’s deep conviction in our ecosystem, combined with their experience across traditional finance, crypto markets, and retail communities, positions them perfectly to expand BERA’s reach and impact.”

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