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Berkshire Hathaway's cash reserves surge to a record $397 billion
Golden Finance reported on May 2 that in the first quarter of Greg Abel’s tenure as CEO, Berkshire Hathaway’s cash reserves rose to a record high, reaching $397 billion. At the end of last year, the company’s cash reserves edged down slightly, but increased significantly in the first quarter because it net sold $8.1 billion worth of stock during this period. (Jin10)