Berkshire Cash Hits Record $397 Billion as Abel Keeps Buffett’s Anti-Bitcoin Stance

Lockridge Okoth

Sat, May 2, 2026 astatine 11:41 AM CDT 2 min read

Berkshire Hathaway's currency hoard climbed to a grounds $397.4 cardinal successful the archetypal 4th of 2026, the institution reported Saturday, adjacent arsenic caller main enforcement Greg Abel kept the conglomerate's long-running aversion to Bitcoin (BTC) intact.

The merchandise marks the archetypal quarterly disclosure since Buffett handed the main enforcement relation to Abel astatine the commencement of 2026, and crypto investors hoping for a softer enactment recovered nary of it.

Cash Stacks, Crypto Stays Out

Operating net roseate 18% to $11.35 cardinal successful the quarter, lifted by a 28.5% leap successful security underwriting nett to $1.72 billion, according to Berkshire's release. Net income much than doubled to $10.1 billion.

The currency and Treasury measure presumption swelled past the erstwhile $381.6 cardinal grounds acceptable successful the 3rd 4th of 2025. Berkshire was a nett seller of equities again, offloading $24.1 cardinal successful banal against $16 cardinal successful purchases.

Repurchases came successful astatine $235 million, the archetypal worldly buyback successful astir 2 years. None of the deployed oregon undeployed superior touched Bitcoin, spot Bitcoin ETFs, oregon immoderate integer asset.

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Abel Holds the Anti-Bitcoin Line

Buffett, who attended the Omaha shareholder gathering alongside Abel, dismissed Bitcoin arsenic 'rat poison squared' astatine the 2018 yearly gathering and said successful 2022 helium would not wage $25 for the full planetary proviso of the token.

Abel has avoided nationalist comments connected crypto, yet his Q1 superior allocation mirrors that view.

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Berkshire's region is striking against the backdrop of increasing organization adoption. Spot Bitcoin ETFs person absorbed billions successful inflows since their 2024 launch, and respective nationalist companies person added Bitcoin to firm treasuries.

With a grounds T-bill stack and ongoing equity sales, Berkshire is signaling caution connected valuations portion keeping its region from the plus people galore crypto natives see an alternate to cash.

Read the Original communicative Berkshire Cash Hits Record $397 Billion arsenic Abel Keeps Buffett’s Anti-Bitcoin Stance by Lockridge Okoth astatine beincrypto.com