CleanSpark, a prominent Bitcoin mining company, has recently announced that it has exceeded 10,000 BTC in its corporate treasury. This significant milestone was revealed in a statement released on January 9.
The firm disclosed that it currently holds a total of 10,097 BTC, all of which were mined from its operations in the United States. This remarkable achievement represents a remarkable 236% increase in Bitcoin reserves compared to the previous year.
With this accomplishment, CleanSpark has now become the fourth-largest corporate holder of Bitcoin globally. Surpassing Hut 8 Mining, which holds 10,096 BTC, the company now trails behind Marathon Digital and Riot Platforms, with holdings of 44,893 BTC and 17,772 BTC, respectively.
The leadership at CleanSpark attributes this achievement to strategic planning and operational efficiency. CEO Zach Bradford emphasized the company’s commitment to responsible scaling, highlighting the importance of disciplined capital management in reaching this milestone.
In a statement, Bradford stated, “Every bitcoin in our treasury has been mined in the United States, supported by American energy and jobs—underscoring our dedication to sustainable growth and innovation in the global bitcoin ecosystem.”
Chief Financial Officer Gary Vecchiarelli echoed these sentiments, emphasizing the company’s focus on sound risk management and innovative financial strategies. He mentioned, “We are committed to using our bitcoin holdings in a manner that aligns with sound risk management principles and disciplined capital strategy by avoiding unfavorable counterparty exposure and leveraging our bitcoin to lower our cost of capital.”
The increase in CleanSpark’s Bitcoin holdings mirrors a larger trend of growing corporate interest in Bitcoin. According to Bitwise data, corporate Bitcoin treasury holdings have more than doubled over the past year, rising from 262,632 BTC in the fourth quarter of 2023 to 590,649 BTC by the end of 2024.
MicroStrategy remains a dominant player in this space, having acquired 258,320 BTC last year, bringing its total holdings to 447,470 BTC, equivalent to $43 billion.
Industry experts predict that this trend will continue in 2025 as more companies embrace the leading cryptocurrency. Bradley Duke, the Head of Europe for Bitwise, expressed his belief, stating, “I believe we are just at the beginning of corporate treasury adoption and fully expect massive growth in this area in 2025.”
Overall, CleanSpark’s achievement in surpassing 10,000 BTC in its corporate treasury underscores the company’s commitment to sustainable growth and innovation within the Bitcoin ecosystem. As the corporate interest in Bitcoin continues to grow, it will be interesting to see how companies like CleanSpark navigate this evolving landscape.