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.
Venture capital firm Dragonfly Capital is aiming to raise $500 million for its fourth crypto fund, according to a Bloomberg report from September 17.
A recent crypto-themed networking event held aboard a Qatar Airways flight has sparked safety concerns after videos surfaced showing possible violations of seatbelt and smoking regulations.
Fox Business reporter Eleanor Terrett has reported that all five SEC commissioners are scheduled to testify before the U.S. House Committee on Financial Services next Tuesday.
On a recent episode of the Thinking Crypto podcast with Tony Edward, Johann Kerbrat, General Manager of Robinhood Crypto, hinted at the potential development of a company-branded stablecoin.