CleanSpark Surpasses 10,000 BTC in Corporate Treasury
CleanSpark, a prominent Bitcoin mining firm, has recently announced that it has exceeded 10,000 BTC in its corporate treasury, sourced entirely from its mining operations in the United States. This significant milestone marks a 236% increase in Bitcoin reserves compared to the previous year.
Key Points:
- CleanSpark now holds 10,097 BTC in its corporate treasury.
- The company has become the fourth-largest corporate Bitcoin holder globally.
- CleanSpark attributes its success to strategic planning and operational efficiency.
- CEO Zach Bradford emphasizes responsible scaling and disciplined capital management.
Corporate Bitcoin Treasury Doubles
The rise in CleanSpark’s Bitcoin holdings is part of a larger trend of growing corporate interest in Bitcoin. Data from Bitwise shows that corporate Bitcoin treasury holdings more than doubled in the past year, reaching 590,649 BTC by the end of 2024 from 262,632 BTC in the fourth quarter of 2023.
MicroStrategy remains a dominant player in this space, having acquired a significant amount of BTC in the past year. Industry experts predict that corporate treasury adoption of Bitcoin will continue to grow in 2025.
Industry Outlook
Bradley Duke, Head of Europe at Bitwise, expressed optimism about the future of corporate Bitcoin treasury adoption, stating that significant growth is expected in this area in the coming year.
