In October 2025, alongside its operating business, Greenlane launched BeraStrategy — a Berachain-focused Digital Asset Treasury. 

Through BeraStrategy, Greenlane allocates treasury capital to BERA and may participate directly in the Berachain network by seeking to support validators, provide liquidity to on-chain applications, and engage in governance decisions. The objective of our strategy is to align corporate capital with the economic design of the network while operating under public

Berachain is a blockchain designed so that liquidity helps secure the network through its economic and incentive design. 

Most blockchains use Proof of Stake, where users lock tokens to validate transactions and earn rewards. Locked tokens typically sit idle. 

The network is designed to incentivize users to provide liquidity to onchain applications in addition to (or alongside) other network participation, though mechanics and outcomes depend on certain protocol rules. Current goals of the Berachain protocol include: 

• Capital helps secure the network; 
• Liquidity helps support trading, lending, and other applications; and
• Network rewards are directed toward areas where liquidity strengthens activity asdeterminedby protocol rules and governance. 

The network is designed  to make liquidity productive rather than idle. 

We believe the opportunity sits at the intersection of three structural forces: a powerful blockchain architecture that seeks to reward productive capital, a maturing on-chain economy that needs liquidity infrastructure, and a public company vehicle that seeks to support long-term shareholder value. 

Traditional Proof of Stake blockchains lock billions in capital that sits idle — securing the network but doing little or nothing else. Berachain makes that capital potentially more productive through its incentive design. Berachain’s design is intended to align network security incentives and application-level liquidity. 

For our treasury strategy, we seek to gain exposure to multiple protocol-defined reward streams, rather than choosing between security participation and liquidity participation. 

As asset tokenization grows — certain third-party estimates project growth in tokenized assets over the coming decade. If correct, on-chain markets will need deep, reliable liquidity. Berachain’s design directly incentivizes liquidity provision. Being an early, large-scale provider may position Greenlane at the infrastructure layer of this emerging economy. 

Most crypto treasury strategies buy tokens and wait. Greenlane deploys capital into the protocol — validating, providing liquidity, and participating in governance to direct rewards to our positions. Active participation may result in protocol-level rewards or incentives, subject to governance decisions, network conditions, and market dynamics. Any economic effects are variable and not guaranteed. 

Investors want on-chain yield but can face real barriers: custody, regulatory ambiguity, complex market operations. GNLN on NASDAQ gives them a familiar wrapper — audited financials, board governance, SEC disclosure — around a crypto-native participation strategy. No wallet required. 

Four layers. Each builds on the last. Together they form a framework intended to support an ongoing cycle that grows the treasury’s position and yield-generating capacity. 

The foundation. We acquire and hold BERA as a core treasury asset using capital raised through public markets. BERA powers everything on Berachain — validation, governance, reward distribution. A larger position means greater capacity to participate across the entire network. 

Validators confirm transactions and secure the network. On Berachain, they do something extra: they may help determine where incentive rewards are directed under protocol rules and governance. By supporting validators, Greenlane seeks to support network security and may gain influence over how rewards flow through the ecosystem. 

We provide capital to trading pools, lending protocols, and DeFi applications. This powers real economic activity — every swap, loan, and transaction. In return, liquidity providers may earn variable fees and incentive rewards.  

Governance participation may provide us with influence how the network’s reward budget is allocated. Rewards earned are reinvested — more BERA, deeper liquidity, stronger validator relationships. Each cycle is intended to increase the position. Rewards, if any, may be reinvested to support continued participation in the network.  

We believe several structural factors make this the right moment for a Berachain-focused treasury strategy. 

Berachain is live and growing.Active validators, growing TVL, developing application ecosystem. Early large-scale participation may help build a position before competition for rewards intensifies. 

Other public companies have adopted digital asset treasury strategies with Bitcoin and other assets. Greenlane seeks to add an extra dimension using BERA: more active yield generation and not just price exposure. 

As more assets move on-chain, demand for deep liquidity may grow. We believe Berachain’s architecture is purpose-built for liquidity-intensive markets. Greenlane positions at the infrastructure layer. 

Polychain, Blockchain.com, Kraken, and others participated in Greenlane’s $110 million private placement. The Berachain Foundation’s board seat aligns incentives at the deepest level.  

Not all treasury strategies are created equal.

Most crypto treasuries hold and hope. Greenlane seeks to deploy into and participate in the protocol — earning validator rewards, liquidity fees, and governance influence.  

SEC disclosure, audited financials, board governance. Accessible through any brokerage, IRA, or investment platform. No wallets required. 

The Berachain Foundation has representation on the Company’s board.  

Initial capital commitments included participation from institutional investors. Publicly reported figures are available in prior Company disclosures. Greenlane seeks to be an early, active network participant — before competition for rewards intensifies.   

Reinvested yield may help grow the position organically and build earning power.  

Public company reporting on holdings, participation metrics, and strategy performance.