Berkshire Hathaway, under Warren Buffett's leadership, is on the verge of reaching a $1 trillion market valuation.
As of Tuesday, the company’s market cap stood just shy of $1 trillion at $993 billion.
If successful, Berkshire would join an elite group that includes companies like Nvidia, Microsoft, Apple, Amazon, Meta, Alphabet, Tesla, and Saudi Aramco. Notably, Tesla, currently valued at $668 billion, is the only major player yet to hit the $1 trillion mark.
Since early 2024, Berkshire’s market cap has surged by $218 billion, a gain larger than the total market value of well-known firms such as McDonald’s and Cisco. Berkshire’s Class A shares have risen by 27.4% this year, while Class B shares have increased by 29.2%.
Berkshire’s journey to this milestone highlights its transformation from a struggling textile company into a major player in insurance and investments.
Recently, the company reduced its stakes in Apple and Bank of America and now holds more short-term Treasury bills than the Federal Reserve.
The final week of July is shaping up to be a pivotal one for global markets, with multiple high-impact U.S. economic events lined up that could trigger volatility across stocks, bonds, and crypto assets.
Cryptocurrency ownership in the U.S. has grown steadily over the past few years, but it remains far from widespread.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.