2024

America

Coinbase Stock

<ul>
  
 <li>Berkshire Hathaway’s stock sales in Q2 2024 reached $75.5 billion, pushing this year,s total sales past $ 90 billion&nbsp;</li>   
 <li>Cash reserves rose&nbsp; to $276.9 billion due to extensive stock sales, showing Buffett’s cautious investment strategy.</li>   
 <li>Due to the higher stock valuation, the company's net income decreased by 15% even though its major earning operations increased.</li> 
</ul>   
<p>For the second quarter of 2024, Berkshire Hathaway, under the leadership of Warren Buffett, recorded a net stock sales of around $75.5 billion. Given that the corporation is still selling more stocks than it is purchasing, this brings the year's total stock sales to $90 billion. In just&nbsp; three months, Berkshire’s cash reserves increased from $189 billion to $276.9 billion, mainly due to these sales.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-buffett-s-75-5b-stock-sell-off-as-berkshire-s-earnings-rose-nbsp">Buffett's $75.5B Stock Sell-Off as Berkshire's Earnings Rose&nbsp;</h2>   
<p>The increased selling trend in the last quarter included&nbsp; reductions in stakes, such as the determination&nbsp; of its position in Bank of America over 12 following&nbsp; days. Buffett's alarming approach appears to be driven by concerns over high stock market valuations and economic uncertainties</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/charliebilello/status/1819752876203213266 
 </div>
</figure>   
<p>Despite the low stock sales, Berkshire Hathaway's operating earnings rose 15% to $11.6 billion,&nbsp; as this was fueled by strong performance in its auto insurance unit, Geico. This increase contrasts with a 15% drop in net income, which fell to $30.34 billion from $35.91 billion .This inturn was affected by&nbsp; the rising stock prices that boosted the value of Berkshire's investment including its stake in Apple.</p>   
<h2 class="wp-block-heading" id="h-buffett-is-cautious-on-investments-berkshire-s-345m-buyback">Buffett Is Cautious on Investments: Berkshire's $345M Buyback</h2>   
<p>Buffett, who will turn 94 later this month, has largely focused&nbsp; on capital deployment. He stated at Berkshire's annual meeting in May that high prices are limiting his willingness to invest&nbsp; despite having ample cash reserves.&nbsp;</p>   
<p>In addition to the stock sales, Berkshire Hathaway repurchased only $345 million of its own shares in the second quarter , which is&nbsp; less than the $2 billion repurchased in each of the previous two quarters. The company continues to hold a minimum cash reserve of $30 billion, though it frequently allows this reserve to grow when attractive investment opportunities are lacking.</p>   
<h4 class="wp-block-heading" id="h-read-also">Read also </h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/warren-buffett-jamie-dimon-bet-hard-in-crypto-after-years-of-denial/">Warren Buffett, Jamie Dimon Bet Hard in Crypto After Years of Denial</a></li>   
 <li><a href="https://cryptonewsland.com/buffett-backed-nubank-launches-own-crypto-nucoin/">Buffett-backed Nubank Launches Own Crypto Nucoin</a></li>   
 <li><a href="https://cryptonewsland.com/you-can-soon-buy-apple-and-microsoft-stocks-at-binance/">You Can Soon Buy Apple and Microsoft Stocks at Binance</a></li>   
 <li><a href="https://cryptonewsland.com/coinbase-stock-makes-100-gain-since-start-of-year/">Coinbase Stock Makes 100% Gain Since Start of Year</a></li>   
 <li><a href="https://cryptonewsland.com/banking-woes-continue-while-chatgpt-predicts-stocks-to-crash-next/">Banking Woes Continue While ChatGPT Predicts Stocks To Crash Next</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/berkshires-75-5b-stock-sale-boosts-cash-reserves-to-276-9b-in-2024/">Berkshire’s $75.5B Stock Sale Boosts Cash Reserves to $276.9B in 2024</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Berkshire’s $75.5B Stock Sale Boosts Cash Reserves to $276.9B in 2024

Table of Contents

Crypto News Land

Other articles published on Aug 4, 2024

Bitcoin and US Election 2024 Impact on the Cryptoverse

SafeStake Newsletter — August Edition

Crypto Market Liquidations Top $197 Million As Bitcoin Price Plunges Below $60,000

Next Cryptocurrency to Explode Sunday, August 4 — TRON, OKB, Casper Network, UNUS SED LEO

Neiro Ethereum Price Prediction: NEIRO Plunges 17% As Pepe Unchained ICO Rockets Past $7.2 Millio...

Bitcoin Triple Threat: Analyst Identifies Three Signals For BTC Price Rebound

Join our free newsletter for daily crypto updates!