CleanSpark just keeps stacking sats, pushing its Bitcoin holdings past the 13,000 mark. This US mining company now sits firm among the top public entities with the most Bitcoin. Their latest monthly report shows they’ve beefed up their reserves to a total of 13,011 BTC. That stash is now worth a hefty $1.6 billion.
In September alone, CleanSpark added a net 184 BTC to its balance sheet. This addition came with an estimated value of $22 million. While the company produced 629 BTC during the month, operating at a hashrate of 50 H/s, that was a slight dip. Production was down 4.3% from the 657 BTC they dug up in August. They also offloaded 444.95 BTC. Even with those sales, CleanSpark holds the ninth spot on the list of biggest public Bitcoin holders, according to Bitcoin Treasuries data. It’s worth noting that 2,583 BTC of their reserves are tied up as collateral or receivables.
🚀 CleanSpark fortalece su posición en el ecosistema cripto 🚀
La minera aumentó sus reservas a 13.011 BTC, equivalentes a USD $1.600 millones.
En septiembre, sumó 184 BTC valorados en USD $22 millones.
A pesar de vender 444,95 BTC, se mantiene entre los 10 mayores… pic.twitter.com/hpEz4Hemhf
— Diario฿itcoin (@Blaze Trends)
Who Else is Holding Bitcoin?
More companies are keeping Bitcoin on their books. Currently, 184 publicly traded firms have some strategy for accumulating Bitcoin. The big players in this space include Strategy, with a massive 640,031 BTC. Then comes Marathon Digital Holdings, holding 52,477 BTC. Twenty One, backed by Tether, has 43,514 BTC. Metaplanet controls 30,823 BTC, and Adam Back’s BlockStream owns 30,021 BTC. Other notable holders are Bitcoin Standard Treasury Company with 24,300 BTC, Bullish at 19,309 BTC, Riot Platforms with 19,287 BTC, and Coinbase rounding out the top ten with 13,009 BTC. CleanSpark’s position among these giants shows its dedication to growing its mining business, aiming to profit from both the good times and the tough times in the crypto market.
Matt Schultz, CleanSpark’s CEO, called September a “monumental” month for the company in an official statement. He pointed out that CleanSpark beefed up its leadership team with new senior hires. The company also boosted its Bitcoin-backed credit line by an extra $200 million. Schultz sees exciting times ahead. “The next few months and the new fiscal year kick off an exciting chapter for CleanSpark,” he stated. “We’ll unlock more value from our energy portfolio and development projects to drive long-term returns for our shareholders.” This kind of financial and corporate growth shows how mining companies are working to find new revenue streams and get stronger in a super competitive market.
Stocks Soar, Bitcoin Rises
The public Bitcoin mining sector saw a strong bounce back in the stock market last month. CleanSpark’s shares, for instance, jumped 62%, according to The Block. IREN leads the pack in market capitalization for this segment, sitting at $12.8 billion. Riot follows with $7 billion, and MARA is close behind at $6.9 billion. CleanSpark comes in at seventh place, with a market cap of $4.5 billion.
This stock rally happened as Bitcoin had a good September. The leading cryptocurrency gained 5.4% that month, hitting $120,942. That was its highest price since mid-August. In the last week of the month, Bitcoin’s price climbed roughly 10%, breaking past the $120,000 mark. It also got closer to its all-time high of nearly $125,000. Better market prices, along with smart Bitcoin-backed funding plans, have given a new push to the major players in the mining industry. This is heating up the race for leadership among the biggest corporate holders of the digital currency.