Investment giant Berkshire Hathaway is currently holding a historic $277 billion in cash amid economic uncertainties.
The firm, led by Warren Buffett, reported net stock sales of $75.5 billion in the second quarter, pushing its total stock sales in 2024 past $90 billion.
Notably, Berkshire significantly reduced its Apple holdings by nearly half during this period.
In recent moves, Berkshire also cut its stake in Bank of America, selling $769 million worth of shares over 12 days.
At the May annual meeting, Buffett discussed the firm’s cash reserves and market conditions, emphasizing a cautious investment approach: “We’re ready to invest, but only in opportunities that offer minimal risk and high returns. It’s not a matter of urgency, but of finding the right prospects.”
Berkshire’s operating earnings for the second quarter rose to $11.6 billion, compared to $10 billion the previous year.
Analyzing the latest updates shared by Wu Blockchain, this past week underscored a pivotal shift in the crypto landscape. Bitcoin surged to a new all-time high of $123,226, pushing the overall crypto market cap beyond $4 trillion—a milestone reflecting renewed investor confidence and accelerating institutional flows.
Charles Schwab is preparing to roll out spot Bitcoin and Ethereum trading, according to CEO Rick Wurster during the firm’s latest earnings call.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.