How much Bitcoin can Berkshire Hathaway buy?
Warren Buffett will step down as CEO of Berkshire Hathaway by the end of 2025, with Greg Abel succeeding him. Berkshire ended Q4 2024 with $347 billion in cash and US Treasury bills, allowing for potential Bitcoin acquisitions. At May's price of $95,000, Berkshire could buy approximately 3.52 million BTC, representing about 17.88% of Bitcoin's circulating supply. Using only its estimated $295.98 billion in US Treasury, it could acquire around 3.12 million BTC, positioning it as a major player in the crypto market, surpassing Strategy Inc.'s holdings. Analysts forecast $330 billion in corporate treasury-driven Bitcoin inflows by 2029, with smaller companies likely following Strategy's lead. Abel's stance on Bitcoin remains unclear, as he has not indicated a departure from Buffett's value-investing philosophy. Berkshire has indirect exposure to crypto through investments in companies like Nu Holdings and Jefferies Financial Group. The future of Berkshire's involvement in Bitcoin under Abel is uncertain.
