Berkshire Hathaway's cash hits record $397B; CEO Abel maintains Buffett's anti-Bitcoin stance.

Berkshire Hathaway's cash reserves reached a record $397.4 billion in Q1 2026, while new CEO Greg Abel continued Warren Buffett's longstanding avoidance of Bitcoin and other digital assets. The company's operating earnings rose 18% to $11.35 billion, driven by strong insurance profits, and net income more than doubled to $10.1 billion. Despite growing institutional interest in Bitcoin, Berkshire remains cautious, selling more equities than it bought and making its first significant stock buyback in nearly two years, signaling a conservative approach to capital allocation under Abel's leadership.