Berkshire Hathaway’s revenue rose to $397.4 billion in the first quarter of 2026, the company said Saturday, even as new CEO Greg Abel maintained the conglomerate’s long-standing hatred of Bitcoin (BTC).
The release marks the first quarterly showing since Buffett handed over a major position to Abel in early 2026, and crypto investors hoping for a soft line have found nothing.
Finance, Crypto Remains Out
Operating income rose 18% to $11.35 billion in the quarter, which was boosted by a 28.5% jump in insurance writing profits to $1.72 billion, according to Berkshire’s. to release. The total amount raised was over $10.1 billion.
The amount of money and the Treasury Bill rose more than the previous record of $ 381.6 billion that was established in the third quarter of 2025. Berkshire was the seller of investment funds again, lowering $ 24.1 billion in assets against $ 16 billion in purchases.
The buyback came in at $235 million, the first stock buyback in nearly two years. None of them were sent or unused capital touched Bitcoin, see Bitcoin ETFs, or any digital asset.
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Abel Holds the Anti-Bitcoin Line
Buffett, who attended the Omaha shareholder meeting with Abel, dismissed Bitcoin as ‘rat poison’ at the 2018 annual meeting and said in 2022 that they will not pay $25 for all international payments.
Abel has avoided public comments on crypto, yet his Q1 capital distribution spectacles.
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The Berkshire range is amazing behind the the size of the establishment of the organization. Spot Bitcoin ETFs have taken billions in inflows since their launch in 2024, and several public companies have added Bitcoin to. corporate wealth.
With a history of T-bills and ongoing sales, Berkshire is showing caution on pricing as it looks away from the financial community many crypto natives see as an alternative to cash flow.
A note Berkshire Cash Hits $397 Billion as Abel Maintains Buffett’s Anti-Bitcoin Stance appeared for the first time BeInCrypto.
