Berachain Series B Funding Lead Investor Framework Holds BERA Position with Unrealized Loss of Over $50.8 Million

On November 25th, according to Unchained, by the end of the second quarter of 2025, Framework Ventures, a crypto venture capital firm that co-led the Berachain Series B funding round together with Brevan Howard Digital's Nova fund, possesses 21,145,476 BERA tokens. The total purchase cost of these tokens is approximately $72.4 million. Based on their average purchase price of $3.42, at the current price, this amount of BERA would lead to Framework suffering more than $50.8 million in unrealized losses. Framework Ventures did not respond to multiple requests for comment. Previously reported, the privacy terms of Berachain were exposed, indicating that Brevan Howard's $25 million investment could be refunded after the TGE, which was unknown to other investors. Berachain's co-founder responded to the reports stating "Nova Digital has a $25 million investment refund right" by saying that it is neither accurate nor complete and that Nova still remains one of the largest token holders.