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Berkshire Hathaway’s new CEO Abel smashes earnings, cash pile hits $400 billion
May 2, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
Berkshire posted Q1 operating profit up 18% to $11.35 billion (~$7,891 per Class A) and cash reserves near $400 billion. The huge cash mountain could be a source of institutional capital for crypto/DeFi investment, token launches or fundraising, but management’s difficulty finding deals at acceptable prices signals cautious adoption and may limit near-term deployment into crypto assets.
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Berkshire Hathaway (BRK.A, BRK.B) posted a bigger first-quarter profit under Greg Abel, while its cash mountain climbed near $400 billion and showed how hard it still is for the company to find deals at prices it likes. The company said operating profit rose 18% to $11.35 billion, equal to about $7,891 per Class A share,...
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