Berkshire Cash Hits Record $397 Billion as Abel Keeps Buffett’s Anti-Bitcoin Stance
Berkshire Hathaway’s money hoard climbed to a document $397.4 billion within the first quarter of 2026, the corporate reported Saturday, even as new chief government Greg Abel stored the conglomerate’s long-running aversion to Bitcoin (BTC) intact.
The launch marks the primary quarterly disclosure since Buffett handed the chief government function to Abel at first of 2026, and crypto traders hoping for a softer line discovered none of it.
Cash Stacks, Crypto Stays Out
Operating earnings rose 18% to $11.35 billion within the quarter, lifted by a 28.5% soar in insurance coverage underwriting revenue to $1.72 billion, in line with Berkshire’s release. Net earnings greater than doubled to $10.1 billion.
The money and Treasury invoice place swelled previous the earlier $381.6 billion document set within the third quarter of 2025. Berkshire was a internet vendor of equities once more, offloading $24.1 billion in inventory towards $16 billion in purchases.
Repurchases got here in at $235 million, the primary materials buyback in practically two years. None of the deployed or undeployed capital touched Bitcoin, spot Bitcoin ETFs, or any digital asset.
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Abel Holds the Anti-Bitcoin Line
Buffett, who attended the Omaha shareholder assembly alongside Abel, dismissed Bitcoin as ‘rat poison squared’ on the 2018 annual assembly and mentioned in 2022 he wouldn’t pay $25 for your entire international provide of the token.
Abel has averted public feedback on crypto, but his Q1 capital allocation mirrors that view.
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Berkshire’s distance is placing towards the backdrop of growing institutional adoption. Spot Bitcoin ETFs have absorbed billions in inflows since their 2024 launch, and a number of other public firms have added Bitcoin to corporate treasuries.
With a document T-bill stack and ongoing fairness gross sales, Berkshire is signaling warning on valuations whereas preserving its distance from the asset class many crypto natives take into account a substitute for money.
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