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Why did Berkshire Hathaway sell all its shares in Visa and Mastercard?


Why did Berkshire Hathaway sell all its shares in Visa and Mastercard?

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Berkshire Hathaway disclosed in its latest quarterly filing that it sold every share it owned in Visa and Mastercard as Greg Abel cleaned up positions tied to former manager Todd Combs, a move investors dissected on Monday. The exit reduces Berkshire’s exposure to traditional payment networks and is a portfolio reallocation rather than a direct signal for crypto markets, leaving the impact on crypto and DeFi payments adoption neutral to mixed.

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Berkshire sold every share it owned in Visa (V) and Mastercard (MA) after Greg Abel began cleaning up parts of the stock portfolio tied to former investment manager Todd Combs. The sale came out in Berkshire Hathaway’s latest quarterly filing on Friday, and investors spent Monday reading through the new buys, cuts, and full exits....
Read the article at CryptoPolitan

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