Greenlane’s $70M BERA Treasury Drops to $16M in Q2

This is a balance-sheet story before it is a token story: a noncash write-down of this scale shows how quickly a single-token treasury can reshape a company's reported financials without any operating change. The exposure is concentrated in one asset that has fallen sharply, so the reported loss reflects market movement rather than a decision to sell. The open question is whether the company treats the drawdown as a prompt to diversify or continues to let its equity story track one token's price.