Recently, I have seen many people discussing Berachain's DAT (Digital Asset Treasury), but it seems that many still do not realize the true significance of this matter.
In simple terms, the recent $110 million private financing by Greenlane Holdings (NASDAQ:GNLN) revolves around using real money to buy BERA and treating it as the core asset of the company's treasury.
The key point is that $50 million of this is cash, and this money will be gradually invested in the market to directly purchase $BERA.
Based on the current circulating market value of BERA, which is about $250 million, this amount of funding is equivalent to 20% of the market value.
In other words, if they were to buy in full, it would essentially clear out twice the current pledged amount of $BERA from the public market.
Furthermore, considering that approximately 10% of $BERA is currently pledged or locked in DeFi pools, the available chips for circulation are actually very limited.
To withdraw $50 million from the market to buy, it might truly mean that "there isn't that much supply." Once the supply-demand relationship is squeezed, the upward pressure on prices will be quite evident.
More critically, this is not a one-time purchase to let sit. Greenlane has clearly stated that they want to actively deploy the $BERA they hold "on-chain," for ecological benefits and long-term growth, which means that this money will continuously participate in Berachain's liquidity and yield cycle, becoming a long-term buyer within the ecosystem.
Structurally, this is actually an important step for Berachain to connect with traditional capital markets: a publicly listed company in the U.S. using a transparent asset pool regulated by the SEC, holding and operating on-chain assets for the long term.
This signifies that BERA is not just a token on the chain; it is becoming "institutionalized."
Berastrategy may just be the most undervalued bullish signal in this round of the bull market.