According to Deep Tide TechFlow news, on November 25, Smokey the Bera, co-founder of Berachain, released a statement on social media in response to recent media reports, claiming that the related reports are “incomplete and inaccurate”.
Smokey the Bera clarified the details of Brevan Howard's investment agreement: Brevan Howard co-led Berachain's Series B financing a year ago through its Abu Dhabi office's Nova fund, with investment terms identical to those of other investors. Nova's compliance team required additional clauses to mitigate the risks of TGE failure and failure to list, so both parties signed an additional commercial agreement, including a commitment to provide liquidity after the network launch.
Smokey the Bera emphasized that Nova is still one of the largest token holders of Berachain, holding locked BERA tokens obtained from the Series B financing and liquid BERA tokens purchased from the open market, and continues to accumulate during market fluctuations.
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