CleanSpark, a leading Bitcoin mining company, has surpassed 10,000 BTC in its corporate treasury, according to a January 9 report. statement.
The company said it now owns 10,097 BTC, which comes entirely from its US-based mining operations. This represents a staggering 236% increase in Bitcoin reserves compared to the previous year.
This milestone also made the company the fourth largest corporate Bitcoin holder in the world. It has overtaken Hut 8 Mining, which owns 10,096 BTC, but remains behind Marathon Digital and Riot Platforms, which hold 44,893 BTC and 17,772 BTC respectively.
CleanSpark leadership attributed this achievement to strategic planning and operational efficiency. CEO Zach Bradford emphasized the company’s commitment to growing responsibly and emphasized that disciplined capital management played a critical role in achieving this milestone.
He added:
“Every Bitcoin in our treasury was mined in the United States, supported by American energy and jobs – underscoring 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 stated:
“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 using our bitcoin to reduce our cost of capital.”
The corporate Bitcoin treasury doubles
CleanSpark’s rise in Bitcoin holdings reflects a broader trend of growing corporate interest in Bitcoin.
According to data from Bitwise, corporate Bitcoin treasury holdings have more than doubled in the past year, from 262,632 BTC in the fourth quarter of 2023 to 590,649 BTC at the end of 2024.
MicroStrategy remains the dominant player in this area. Last year, the company acquired 258,320 BTC, bringing its total holdings to 447,470 BTC (equivalent to $43 billion).
Meanwhile, industry leaders believe the trend will continue this year as more companies embrace the top cryptocurrencies. Bradley Duke, Head of Europe for Bitwise, said:
“I believe we are just at the beginning of corporate treasury adoption and expect to see tremendous growth in this area by 2025.”
