Bitcoin miners are using up to 12% of treasury BTC as collateral rather than selling coins
The post Bitcoin miners are using up to 12% of treasury BTC as collateral rather than selling coins appeared on BitcoinEthereumNews.com. Top public Bitcoin miner CleanSpark’s latest BTC count carried a footnote that may matter more than the headline total: of the 13,924 BTC it reported as of June 30, 1,719 BTC was posted as collateral or recorded as a receivable, all tied to derivative transactions That amounts to roughly 12% of the miner’s reported Bitcoin balance held in financing or risk-management mechanisms rather than functioning as a readily available reserve. For reference, CleanSpark currently owns the 11th-largest public Bitcoin treasury among operating companies. The disclosure does not imply misuse. It does show why miner treasuries are getting harder to read as the same BTC stacks are marketed as strength, sold for cash, pledged, restricted, or moved through derivatives. Related Reading Bitcoin miners start funding pivot to AI with debt while selling BTC to stay liquid Coi