Cleanspark surpassed 10,000 BTC, becoming the 4th largest corporate holder.
Leading Bitcoin mining company CleanSpark’s corporate treasury holdings have surpassed 10,000 BTC, according to a January 9 statement.
The company stated that it currently holds 10,097 BTC, sourced entirely from its US-based mining operations. This is an astonishing 236% increase in Bitcoin holdings compared to the previous year.
This milestone also makes the company the fourth-largest Bitcoin holding in the world. This has overtaken Hut 8 Mining, which holds 10,096 BTC, but is behind Marathon Digital and Riot Platforms, which hold 44,893 BTC and 17,772 BTC respectively.
CleanSpark’s leadership attributed this achievement to strategic planning and operational efficiency. CEO Zach Bradford emphasized the company’s commitment to scale responsibly, emphasizing that disciplined capital management played a key role in achieving this milestone.
He added:
“Every Bitcoin in our Treasury is mined in the United States, supported by American energy and jobs. This emphasizes our commitment 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 said:
“We are committed to using our Bitcoin holdings in a manner consistent with sound risk management principles and a disciplined capital strategy by avoiding adverse counterparty exposure and leveraging Bitcoin to lower our cost of capital.”
Corporate Bitcoin Treasury Doubles
CleanSpark’s increase in Bitcoin holdings reflects a broader trend of increasing corporate interest in Bitcoin.
According to Bitwise data, the company’s Bitcoin treasury holdings have more than doubled over the past year, increasing from 262,632 BTC in the fourth quarter of 2023 to 590,649 BTC at the end of 2024.
MicroStrategy remains dominant in this space. Last year, the company acquired 258,320 BTC, bringing its total holdings to 447,470 BTC (equivalent to $43 billion).
Meanwhile, industry leaders believe this trend will continue this year as more businesses adopt leading cryptocurrencies. Bradley Duke, Head of Europe at Bitwise, said:
“I believe we are only at the beginning of enterprise finance adoption and I expect tremendous growth in this space by 2025.”
