GNLN News & Events

As of February 27, the Company held approximately 70.4M units of BERA. Since the Company's last treasury update on December 8, the following developments have occurred: Between December 4 and February 27, the Company acquired approximately 9M units of BERA at prices ranging from approximately $0.40 to $0.93 per unit of BERA. In January, the Company announced plans to deploy up to 50M units of BERA into validator infrastructure on the Berachain network comprising approximately 20M units of BERA across two independently operated validators and up to 30M units of BERA through a partnership with Infrared Finance. Validator deployment has been structured across multiple operators and is intended to align with Berachain's protocol-level decentralization constraints. As of February 27, the Company had deployed approximately 50M units of BERA into validator infrastructure. The Company has sought to stake substantially all of its liquid on-chain holdings of BERA, including units held directly or managed pursuant to structured agreements, through Proof of Liquidity staking and validator participation. As of February 27, the publicly reported annualized PoL staking rate on the Berachain network was approximately 25%, subject to prevailing network conditions.

Greenlane announced the appointment of Jason Hitchcock as its Chief Executive Officer, effective immediately. Hitchcock most recently served as Head of Business Development at thirdweb

Greenlane highlighted Berachain's integration of Ethena's USDe as approved collateral for HONEY, Berachain's native stablecoin. The integration is intended to expand the range of dollar-based collateral available on Berachain and may support protocol-level liquidity, network activity, and on-chain economic mechanisms within the Berachain ecosystem. "We hope that Berachain's integration of USDe will demonstrate how expanding stablecoin liquidity may help support network activity," said Ben Isenberg, Chief Investment Officer, Greenlane. "Initiatives that ultimately strengthen liquidity and on-chain participation may help support the broader Berachain ecosystem."