Cresset Asset Management Reduces Stake in TeraWulf Inc.

Institutional investor lowers holdings in bitcoin mining company by nearly 30%

Published on Mar. 6, 2026

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Cresset Asset Management LLC, an institutional investor, lowered its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 29.9% during the third quarter, according to a recent SEC filing. The firm now owns 596,091 shares of the bitcoin mining company's stock, worth approximately $6.81 million.

Why it matters

This filing provides insight into the investment activity of Cresset Asset Management, a prominent institutional investor, and their view on the prospects of TeraWulf, a company focused on developing sustainable bitcoin mining facilities powered by renewable energy.

The details

According to the 13F filing, Cresset Asset Management sold 254,596 shares of TeraWulf during the third quarter, reducing its total stake in the company to 596,091 shares. This represents about 0.15% ownership of TeraWulf's outstanding shares.

  • The filing covers Cresset Asset Management's holdings as of the end of the third quarter of the year.

The players

Cresset Asset Management LLC

An institutional investment firm that manages assets for high-net-worth individuals and families.

TeraWulf Inc.

A digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities.

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The takeaway

This filing suggests that Cresset Asset Management has reduced its exposure to TeraWulf, potentially indicating a shift in the institutional investor's outlook on the bitcoin mining company or the broader cryptocurrency market. However, the firm still maintains a sizable stake, suggesting ongoing interest in TeraWulf's sustainable mining operations.