Berkshire Hathaway Discusses Potential Bitcoin Investment Amid Leadership Change

As Warren Buffett, the CEO of Berkshire Hathaway, who has been skeptical of Bitcoin (BTC), announced his intention to step down, there is anticipation about the possibility of Bitcoin accumulation under the new leadership.

On the 6th (local time), Cointelegraph reported, "While the likelihood of Berkshire, led by Warren Buffett's successor 'Greg Abel', actually purchasing Bitcoin is low, the company's approach could expand with industry developments." It added, "If Berkshire were to purchase Bitcoin, it would account for about 18% of the total circulation."

Previously, in the fourth quarter of last year, Berkshire Hathaway revealed that it held approximately $347 billion in cash and U.S. Treasury bonds.

The media explained that if they were to accumulate Bitcoin, they could acquire about 3.52 million BTC (17.88% of the circulation). It further noted, "Even if Berkshire uses only 17% of its cash reserves to purchase BTC, it could rival the largest BTC-holding strategy by a single company."

Meanwhile, Berkshire is currently only engaged in indirect investments related to virtual assets, such as Nubank Holdings and the BlackRock Bitcoin Spot ETF (IBIT).