Greenlane Holdings Shares Jump 72% After-Hours on Berachain Token Deals
Greenlane Holdings shares soared 71.72% to $1.58 in after-hours trading after closing at $0.92, following the announcement of new token purchase and lending agreements with Berachain Operations using USDC and USDT. The company is advancing a Berachain-focused digital asset treasury strategy begun in late January.
1. After-Hours Price Spike
Greenlane shares jumped 71.72% to $1.58 in after-hours trading following the extended session close at $0.92, despite a 7.05% drop during regular trading. This abrupt shift marks one of the largest single-day volatility events for the stock in over a year.
2. Berachain Token Agreements
On February 4, Greenlane Subsidiary Inc. signed Token Purchase and Sale and Token Lending agreements with Berachain Operations Corp, enabling the subsidiary to lend USDC and USDT stablecoins to acquire native Berachain (BERA) tokens. Pricing is determined through time-weighted average price mechanics.
3. Digital Asset Treasury Strategy
The agreements support Greenlane’s late-January announcement of a Berachain-focused digital asset treasury strategy, positioning the company as a major publicly traded BERA holder. The strategy leverages stablecoin reserves to build a diversified crypto asset portfolio.
4. Trading Metrics and Valuation
Greenlane’s market capitalization stands at $7.33 million, reflecting a 99.90% decline over the past 12 months and a 52-week trading range between $0.90 and $982.52. Its RSI of 18.41 indicates oversold conditions just above annual lows.