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Berkshire Hathaway’s Record $277 Billion Cash Reserve Amid Massive Stock Sales

04.08.2024 9:00 1 min. read Alexander Stefanov
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Berkshire Hathaway’s Record $277 Billion Cash Reserve Amid Massive Stock Sales

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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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