Berachain's "Chosen One" Moment: The Ambition Behind the $110 Million Financing

To be honest, this round of financing is indeed something to talk about. Polychain Capital, in collaboration with big names like Blockchain.com and Kraken, has poured 110 million USD into Berachain's treasury all at once—this is not just simple financing, but part of a larger strategy.

What is the core gameplay?

Greenlane Holdings (NASDAQ: GNLN) acts as a white glove, issuing PIPE financing. The structure is very clear: $50 million in cash + $60 million in BERA tokens. What does this mean? Institutions are betting real money that BERA will become a “on-chain reserve asset.”

The market response is very honest

The price of GNLN has surged directly by 65%, temporarily reaching 6.35 USD. The BERA token has increased by over 10% in one day, currently hovering around 2.05 USD. But here's a detail – BERA has fallen from its historical high of 14.83 USD and is still in the bottom zone. In other words, institutions are currently buying in anticipation of a rebound.

What the hell is BeraStrategy?

Investment director Ben Isenberg leads the team, along with Virgin Gaming co-founder Billy Levy and former Canopy Growth CEO Bruce Linton as chairman. What does this configuration indicate? Berachain is seeking endorsement from the traditional finance sector.

How is Berachain itself?

An EVM-compatible, Cosmos ecosystem L1 that operates on the concept of “Proof-of-Liquidity” — users can earn validation rewards by providing DeFi liquidity. It was launched in February this year and is now rapidly expanding during its fundraising stage.

Points of Interest

This round of financing is essentially institutions betting on the direction of native assetization on the blockchain. BERA aims to become a “reserve asset,” similar to traditional companies' U.S. Treasury reserves. This is still a new approach in the crypto space, and the probability of success will depend on the real traffic of the ecosystem. Currently, the lineup of financing parties is strong, but the token price is still low—typical of a confidence game stage.