Berkshire Hathaway’s money hoard climbed to a file $397.4 billion within the first quarter of 2026, the corporate reported Saturday, at the same time as new chief govt Greg Abel saved the conglomerate’s long-running aversion to Bitcoin (BTC) intact.
The discharge marks the primary quarterly disclosure since Buffett handed the chief govt position to Abel at the beginning of 2026, and crypto traders hoping for a softer line discovered none of it.
Money Stacks, Crypto Stays Out
Working 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, based on Berkshire’s launch. Internet revenue greater than doubled to $10.1 billion.
The money and Treasury invoice place swelled previous the earlier $381.6 billion file 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 almost two years. Not one of the deployed or undeployed capital touched Bitcoin, spot Bitcoin ETFs, or any digital asset.
Comply with us on X to get the most recent information because it occurs
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 stated in 2022 he wouldn’t pay $25 for all the world provide of the token.
Abel has prevented public feedback on crypto, but his Q1 capital allocation mirrors that view.
Subscribe to our YouTube channel to look at leaders and journalists present skilled insights
Berkshire’s distance is putting towards the backdrop of rising institutional adoption. Spot Bitcoin ETFs have absorbed billions in inflows since their 2024 launch, and a number of other public corporations have added Bitcoin to company treasuries.
With a file T-bill stack and ongoing fairness gross sales, Berkshire is signaling warning on valuations whereas retaining its distance from the asset class many crypto natives contemplate a substitute for money.
The submit Berkshire Money Hits Document $397 Billion as Abel Retains Buffett’s Anti-Bitcoin Stance appeared first on BeInCrypto.