Kraken Observes Institutional Momentum as Greenlane’s $110M Berachain Treasury Strategy Elevates BERA Token
In a landmark development for cryptocurrency adoption, Greenlane Holdings (Nasdaq: GNLN) has launched a groundbreaking $110 million treasury strategy centered on Berachain's BERA token, signaling growing institutional confidence in blockchain-based assets. The 'BeraStrategy' initiative represents the first instance of a U.S. public company establishing a dedicated Berachain reserve, with Polychain Capital leading the substantial private investment round. This strategic move positions BERA—the native token of Berachain's innovative Proof-of-Liquidity blockchain—firmly within the institutional investment landscape, potentially accelerating mainstream adoption of decentralized finance protocols. The substantial capital commitment underscores increasing corporate recognition of digital assets as legitimate treasury components while highlighting Berachain's unique value proposition in the evolving blockchain ecosystem. Market analysts suggest this development could prompt similar treasury strategies from other public companies, particularly as regulatory clarity improves and institutional-grade custody solutions mature. The involvement of prominent investment firms like Polychain Capital further validates the growing convergence between traditional finance and decentralized technologies, potentially paving the way for increased BERA trading volume and liquidity across major exchanges including Kraken. This treasury strategy not only provides significant capital backing for Berachain's ecosystem development but also establishes a precedent for how public companies might strategically allocate to specific blockchain networks beyond Bitcoin and Ethereum, potentially reshaping corporate digital asset adoption patterns through 2025 and beyond.
Greenlane Holdings Launches $110M Berachain Treasury Strategy, Propelling BERA Token into Institutional Spotlight
Greenlane Holdings (Nasdaq: GNLN) has secured $110 million in private investment to establish 'BeraStrategy,' a digital-asset treasury anchored by BERA, the native token of Berachain's Proof-of-Liquidity blockchain. The MOVE marks the first instance of a US public company creating a Berachain-focused reserve.
The funding round, led by Polychain Capital with participation from Kraken, Blockchain.com, and others, combines $50 million in cash with $60 million worth of BERA tokens via pre-funded warrants. Execution is slated for late October, with shares priced at $3.84 and warrants at $3.83.
BERA's market performance reflects growing interest, posting a 6% gain to trade between $1.98-$2.05 amid $95-$115 million daily volume. The treasury will acquire tokens through both open markets and OTC channels while funding operational needs.
Leadership appointments signal strategic intent: Ben Isenberg as CIO, Canopy Growth founder Bruce Linton as Board Chair, and Billy Levy joining as Director. This institutional endorsement positions Berachain's novel Layer-1 architecture for heightened market scrutiny.
Australian Traders Lead Global Meme Coin Holdings with Ethereum Dominance: Kraken Report
Australian cryptocurrency traders are exhibiting a distinct preference for ethereum and meme coins, according to anonymized wallet data from Kraken. Ethereum constitutes 33% of local portfolios—nearly double the global average of 19%—while Bitcoin's share by value trails international holdings at AU$17,409 versus AU$29,830 globally.
The data reveals a cultural propensity for speculative assets, with solana and meme coins featuring prominently. Kraken's Jonathon Miller attributes this trend to Australia's risk-tolerant investment ethos rather than pure strategic allocation. The findings underscore a broader shift toward altcoins and decentralized finance exposure among Australian investors.
Ethereum and Emerging Tokens Captivate Australian Crypto Enthusiasts
Australian cryptocurrency investors are diverging from global trends, showing a pronounced preference for Ethereum and niche tokens over Bitcoin. According to Kraken's analysis of wallet data from August 2024 to 2025, only 36.7% of Australian holders own Bitcoin—far below the global average—while Ethereum commands 33.2% of local portfolios. The average Australian Bitcoin balance sits at $17,409, dwarfed by the worldwide figure of $29,830.
Ethereum's smart contract functionality appears to be the driving force behind its Australian appeal. The network's ability to power decentralized applications across finance, entertainment, and logistics resonates with investors seeking utility beyond speculative assets. This technological edge positions ETH as more than just digital gold—it's becoming the backbone of Australia's blockchain infrastructure.
The report also highlights Australia's growing appetite for altcoins with specialized use cases. From decentralized finance tokens to metaverse projects, investors are chasing both diversification and asymmetric returns. This risk-on behavior contrasts sharply with more conservative global markets, suggesting Australia may emerge as a testing ground for innovative crypto assets.
Best Altcoins to Buy as BitMine’s Signal Could Send Ethereum Exploding Soon
BitMine has acquired an additional $250 million worth of Ethereum, raising its total holdings to 3.3 million ETH—2.74% of Ethereum's circulating supply. CEO Tom Lee projects ETH could reach $10,000-$12,000 by year-end despite October's market turbulence. The firm's aggressive accumulation strategy has boosted its stock (BMNR) by 700% year-to-date.
Low-cap altcoins like HYPER, BEST, and BAN are gaining attention as whales double down on Ethereum. Arkham Intelligence identified three new BitMine-linked addresses purchasing ETH via BitGo and Kraken, mirroring prior acquisition patterns. Market sentiment suggests institutional confidence may catalyze broader altcoin momentum.
