Warren Buffett’s Berkshire Hathaway is already up $1.4B on its Alphabet buy
Crypto Briefing
Berkshire Hathaway's $4.3 billion investment in Alphabet during Q3 has yielded an unrealized gain of approximately $1.4 billion.Summary
Warren Buffett’s Berkshire Hathaway appears to have a significant paper profit on its recent investment in Alphabet, with an estimated unrealized gain of around $1.4 billion based on current market prices. Berkshire disclosed owning 17.8 million Alphabet Class A shares in its November filing, valued then at $4.3 billion. With Alphabet shares now trading near the low $320 range, this stake is worth close to $5.7 billion. This recent surge in Alphabet's stock price, which has gained about 70% year-to-date, is partly attributed to investor reaction to reports that Meta is considering Google’s TPUs for its AI systems.
(Source：Crypto Briefing)