Berkshire Hathaway’s cash stock rose to a record $397.4 billion in the first quarter of 2026, even as new CEO Greg Appel maintains the group’s long-standing aversion to Bitcoin (BTC), the company said on Saturday.
The release marks the first quarterly disclosure since Buffett handed over the CEO role to Appel at the start of 2026, and cryptocurrency investors who had been hoping for a softer line found none of it.
Cash piles up, crypto stays out
Operating profit rose 18% to $11.35 billion in the quarter, helped by a 28.5% jump in insurance underwriting profit to $1.72 billion, according to Berkshire. He releases. Net income doubled to $10.1 billion.
The cash and T-bill position swelled past the previous record of $381.6 billion set in the third quarter of 2025. Berkshire was a net seller of stocks again, offloading $24.1 billion of stocks on $16 billion of purchases.
The buyback amounted to $235 million, the first material buyback in nearly two years. No one is deployed or not deployed capital Touch Bitcoin, spot Bitcoin ETFs, or any digital asset.
Follow us on XTo get the latest news as it happens
Abel holds the anti-bitcoin line
Buffett, who attended the shareholder meeting in Omaha alongside Abel, Bitcoin dismissed as ‘squared rat poison’ at the 2018 annual meeting and said in 2022 that it would not pay $25 for the full global supply of the token.
Appel has avoided public comments about cryptocurrencies, yet he committed his capital in the first quarter reflects this opinion.
Subscribe to our YouTubeA channel to watch leaders and journalists provide expert insights
Amazing Berkshire distance against the background Increasing institutional adoption. Spot Bitcoin ETFs have absorbed billions in inflows since their launch in 2024, and several public companies have added Bitcoin to their Corporate safes.
With a record stack of Treasuries and ongoing stock sales, Berkshire is signaling caution about valuations while keeping its distance from an asset class that many crypto natives consider an alternative to cash.
this post Berkshire Cash Hits Record $397 Billion as Appel Maintains Buffett’s Anti-Bitcoin Stance appeared first on BeInCrypto.
