berkshire

Berkshire Hathaway today released its Q2 2026 financial report, with the most market attention focused on the cash reserves dropping to $36.551 billion in the second quarter, down from about $39.74 billion in the first quarter. This marks the end of Berkshire's 14 consecutive quarters of net selling, turning into a significant net buying for the first time since the fourth quarter of 2022.In the financial report, Berkshire's net stock purchases in the second quarter were nearly $20 billion, including about $10 billion in a private placement from Google's parent company Alphabet to support investments such as its AI data centers. Approximately $6.8 billion was spent to acquire homebuilder Taylor Morrison, which was a complete acquisition and not entirely a public market stock transaction. About $4.5 billion was used to repurchase its own shares. After deducting the above major items, there remains about $3 billion of "unexplained" net purchases of public market equities, with specific stocks to be disclosed in the 13F filing around August 14. Currently, Alphabet officially enters Berkshire's top five holdings, alongside American Express, Apple, Bank of America, and Coca-Cola, with the top five holdings accounting for about 66% of the stock portfolio.Buffett previously stated that the long net selling period was mainly due to high market valuations, making it difficult to find sufficiently attractive opportunities. This shift is seen as a clear signal of more aggressive capital allocation under Abel's leadership as CEO, with Berkshire moving from "patient waiting" to "starting to act."

According to Bloomberg, Google's parent company Alphabet will raise $80 billion through a package of equity financing to support its AI infrastructure and computing power expenditure plans. This financing includes a $40 billion ATM stock issuance plan starting in the third quarter, a $30 billion underwriting issuance of common stock and mandatory convertible preferred stock, as well as a $10 billion investment agreement reached with Berkshire Hathaway, which will become one of the largest equity transactions in history.Alphabet stated that AI is driving the company into an expansion phase, and the company hopes to build infrastructure to support future growth opportunities by increasing investments. Alphabet CFO Anat Ashkenazi previously stated that the company's capital expenditure in 2027 will be significantly higher than the maximum budget level of $190 billion in 2026. Bloomberg Intelligence analyst Mandeep Singh believes that with the support of new financing, Alphabet's capital expenditure could reach $300 billion next year. This move by Alphabet may also divert funds originally intended for companies like SpaceX, Anthropic, and OpenAI, which are planning to go public this year.

BSTR Chief Investment Officer Sean Bill stated that he is trying to create "Berkshire Hathaway 2," a company dedicated to achieving an increase in the number of Bitcoin per share. Sean Bill expressed the hope to enter the capital market, effectively manage the capital structure, and allow BTC to play a role in the market.

According to Gelonghui, Buffett admitted in an interview that the current investment environment is not ideal, and the high market prices are one of the main reasons he is holding back. He also acknowledged that as he ages, the proportion of industries he can deeply understand is not as high as it was ten years ago—he no longer expects to have an advantage in areas where young people who have grown up with new technologies excel.Nevertheless, he emphasized that Berkshire has the ability to make quick decisions and can handle transactions of any size, but is just waiting for the right opportunity.Buffett stated that the most likely buying opportunity is when everyone else is not answering the phone. In his 60-year career, there may have only been five years that were truly "lucrative." He recalled the real Wall Street ecology during market crashes: everyone boasts about their excellent trading departments. But when the market crashes, good luck trying to reach them; they simply do not answer the phone. Even if they do answer, the quotes and asking prices come with various conditions, and the bid-ask spread is enormous.

In the first quarter of Greg Abel's tenure as CEO, Berkshire Hathaway's cash reserves surged to a record high of $397 billion. At the end of last year, the company's cash reserves had slightly decreased, but they increased significantly in the first quarter due to a net sale of $8.1 billion in stocks during the period.Additionally, Berkshire Hathaway A (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, compared to $89.725 billion in the same period last year, with market expectations of $89.274 billion; net profit was $10.106 billion, compared to $4.603 billion in the same period last year, with market expectations of $11.762 billion. The fair value of fixed-income securities held by Berkshire Hathaway at the end of Q1 2026 reached $17.669 billion, compared to $17.816 billion in the same period last year.Buffett has always viewed cash as "a necessary but undesirable asset," often likening it to oxygen, which is crucial for businesses but not a good investment in itself. Buffett repeatedly emphasizes that Berkshire will never prefer holding cash equivalents over quality businesses; cash is merely a war chest waiting for "super good opportunities." When market valuations are too high and there are no attractive investment targets, he prefers to hoard cash rather than force a purchase; but once a great opportunity arises, he will deploy this ammunition without hesitation. In Buffett's view, cash can provide safe returns in a high-interest-rate environment, but in the long run, it is far less valuable than investing in excellent companies.While Berkshire's cash holdings reach a new high, despite the S&P 500 and Nasdaq indices recently hitting historical highs, there are still multiple risk hazards behind the market, and valuations are in a historically high range. Data shows that as of April, the rolling price-to-earnings ratio of the S&P 500 is about 24 times (historical average is about 16 times), and the Shiller price-to-earnings ratio (cyclically adjusted) has risen to over 37 times, at a historically high level, second only to the internet bubble period. This combination of "valuation + high expectations" means that the market has very limited room for error. Furthermore, the current rise in U.S. stocks is built on optimistic assumptions such as "AI-driven profits, falling inflation, declining interest rates, and controllable risks," and any deviation in these variables could trigger amplified shocks in the market.

According to Gelonghui, Berkshire Hathaway, led by Buffett, has hired multiple banks to prepare for a possible yen bond issuance plan. As global borrowers are set to reach a record high in bond issuance this year, the company may re-enter the yen bond market. If this issuance proceeds, it will be the company's second time financing in the yen market this year. Berkshire Hathaway is one of the largest overseas borrowers in the yen bond market, and its movements are closely watched due to its holdings in several major Japanese trading companies and long-standing market speculation on how it will utilize yen funds.Hiroshi Namioka, chief strategist at T&D Asset Management, stated, "Considering that Berkshire currently holds a large amount of cash, this issuance of yen bonds indicates that the company sees investment opportunities in Japan, and the funds are likely to flow to Japanese trading companies." He added that Berkshire's move suggests "from a global perspective, Japanese trading company stocks are still undervalued, so this action has positive implications for stock prices."

According to Jin Ten, Berkshire Hathaway's cash reserves reached a record $381.67 billion, with a net investment income of $17.311 billion in the third quarter, compared to $16.161 billion in the same period last year.As of September 30, 2025, there were 1,438,223 Class A equivalent shares issued, and for the third quarter, it has been a net seller of stocks for the 12th consecutive quarter.

ChainCatcher news, according to Jinshi reports, Berkshire Hathaway A (BRK.A.N) Q2 2025 net profit is $12.37 billion, market expectation is $10.703 billion, and the same period last year was $30.348 billion.In addition, Berkshire Hathaway A (BRK.A.N) Q2 2025 revenue is $92.515 billion, market expectation is $91.963 billion, and the same period last year was $93.653 billion.

ChainCatcher news, according to Cointelegraph, Warren Buffett's Berkshire Hathaway has completely exited its stake in Nu Holdings, the parent company of Latin America's crypto-friendly bank Nubank, realizing a profit of approximately $250 million from this investment.This exit is not due to poor performance by Nubank, as the company reported a net income of $557.2 million in the first quarter of 2025, a 47% year-over-year increase, with a 91% growth in net income for the entire year of 2024. This move is actually part of Berkshire's broader strategy to divest from its financial sector, having also sold shares of Citigroup and reduced its holdings in Bank of America, totaling over $2.1 billion in financial stock sales, pushing cash reserves to a record $347.8 billion.

ChainCatcher news, according to Fortune, although Berkshire Hathaway CEO and Chairman Buffett has repeatedly stated his position on cryptocurrencies and has never hidden his disdain for them, recent actions suggest that Berkshire Hathaway and some other investment managers may be gradually embracing cryptocurrencies.It is reported that Berkshire Hathaway has invested millions of dollars in Nu Holdings Ltd., a Brazilian bank related to cryptocurrencies, whose stock has risen 34% year-on-year. The bank has its own cryptocurrency platform and supports the cryptocurrency market. According to documents from the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway's stake in Nu increased from 0.1% at the end of the fourth quarter of 2022 to 0.4% in the third quarter of fiscal year 2024.This means that as of the end of the third quarter of fiscal year 2025, Berkshire Hathaway holds over 86 million shares of Nu stock, worth nearly $1.2 billion, while Buffett and Berkshire Hathaway are benefiting from an industry they previously claimed to understand little about. Now, Berkshire Hathaway seems to be making investments related to cryptocurrencies, and Buffett may need to revise his earlier statements about cryptocurrencies not having a significant impact.

ChainCatcher news, according to Fortune magazine, Berkshire Hathaway CEO and Chairman Buffett has repeatedly made clear his stance on cryptocurrencies and has never hidden his disdain for them. However, recent actions suggest that Berkshire Hathaway and some other investment managers may be gradually embracing cryptocurrencies.It is reported that Berkshire Hathaway has invested millions of dollars in a Brazil-based bank related to cryptocurrencies, Nu Holdings Ltd., whose stock has risen 34% year-on-year. The bank has its own cryptocurrency platform and supports the cryptocurrency market. According to filings with the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway's stake in Nu increased from 0.1% at the end of the fourth quarter on December 31, 2022, to 0.4% in the third quarter of fiscal year 2024. This means that as of the end of the third quarter of fiscal year 2025, Berkshire Hathaway holds over 86 million shares of Nu stock, worth nearly $1.2 billion, while Buffett and Berkshire Hathaway are benefiting from an industry they previously claimed to understand little about. Now, it seems that Berkshire Hathaway is engaging in cryptocurrency-related investments, and Buffett may need to revise his earlier statements about cryptocurrencies not having a significant impact.

ChainCatcher news, according to the Securities Times, from December 31, 2024, to January 3 of this year, Berkshire Hathaway, led by Buffett, acquired approximately 20,044 shares of VeriSign common stock for about $4.1 million.According to reporters' statistics, this is Berkshire's third investment in this company since December 2024. Possibly influenced by Berkshire's multiple increases in holdings, VeriSign's stock price has been rising since December 19, 2024. As of the market close on January 3 local time, the company's stock price was reported at $205.6, having once risen to $210, with a current total market value of $19.76 billion.ChainCatcher previously reported that Verisign had previously obtained a patent from the United States Patent and Trademark Office (USPTO) for applying blockchain technology to domain names.In addition, Verisign controls the ".com" and ".net" domains. The patent is titled "Domain Name Blockchain User Address," which outlines some key benefits and technical advantages of using DNS domain names associated with registrants in a blockchain network. It can support the use of domain names purchased in traditional DNS environments within a blockchain environment.

ChainCatcher news, according to Cointelegraph, Buffett's Berkshire Hathaway rose 0.75% on August 28, surpassing a market capitalization of $1 trillion, comparable to the total market capitalization of Bitcoin. So far in 2024, the stock has risen over 29%, exceeding the S&P 500 index's increase of 17%, and is comparable to Bitcoin's increase of 31% during the same period.It is reported that Berkshire achieved impressive profits in 2024 through a diversified business portfolio in insurance, energy, manufacturing, retail, and services. In the first half of this year, these business segments generated profits of $22.8 billion, a 26% increase compared to last year.

ChainCatcher news, Berkshire Hathaway, owned by Buffett, has set a new record for cash reserves at the end of the second quarter, surpassing the market capitalization of Ethereum.Data shows that Berkshire's cash reserves at the end of the second quarter were approximately $277 billion, a significant increase from $189 billion at the end of the first quarter, once again setting a record.Meanwhile, according to coingecko data, Ethereum's current market capitalization is about $272.3 billion, lower than Berkshire's cash reserve level.

ChainCatcher news, the 2024 Berkshire Hathaway shareholder meeting is currently underway. According to the latest data from 8marketcap, the current market capitalization of Bitcoin is approximately $1.253 trillion, while Berkshire Hathaway's market capitalization is about $867.59 billion, with the former exceeding the latter by over $385 billion.Buffett has referred to Bitcoin as a "gambling token" and "rat poison," and stated that he does not hold any cryptocurrency.

ChainCatcher news, according to the latest data from 8marketcap, Bitcoin has surpassed Berkshire Hathaway to return to the top 10 global assets/companies by market capitalization. With the price rising above $40,000, Bitcoin's market capitalization has reached $784 billion, ranking 10th in the global asset market capitalization.