rewrite this content using a minimum of 1200 words and keep HTML tags
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.”
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
