CleanSpark has more than 10,000 BTC stored in its corporate bank account, according to the Jan. 9th statement.
It said that it has 10,097 BTC which are sourced exclusively from US mining operations. The firm’s Bitcoin reserve has increased by 236% compared with the prior year.
It also makes the company the 4th largest Bitcoin corporate holder in the entire world. Hut 8 Mining has been overtaken, with 10,096 BTC. It still trails Marathon Digital (44,893 BTC) and Riot Platforms (17772 BTC), which both hold more than that.
CleanSpark’s leadership attributed the achievement to strategic planning and operational efficiency. CEO Zach Bradford emphasized the firm’s commitment to scaling responsibly, highlighting that disciplined capital management played a crucial role in reaching this milestone.
Then he added:
“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 this sentiment, noting the company’s focus on sound risk management and innovative financial strategies. He declared:
“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.”
Doubles in corporate Bitcoin treasures
The rise in CleanSpark’s Bitcoin holdings reflects a broader trend of growing corporate interest in Bitcoin.
Bitwise data show that the corporate Bitcoin Treasury holdings of corporations have doubled during the past 12 months, going from 262,632 BTC to the fourth quarter in 2023 up to 590.649 BTC to the year 2024.
MicroStrategy continues to be the market leader. The firm’s total assets reached 447.470 BTC ($43 billion) after it acquired 258,320 BTC last year.
As more companies adopt the leading crypto, the industry believes that this trend will continue into 2019. Bradley Duke, Head of Europe at Bitwise said:
“I believe we are just at the beginning of corporate treasury adoption and fully expect massive growth in this area in 2025.”
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
