Berkshire Hathaway's $382 Billion Cash Pile Prompts Questions After Buffett Retires

Berkshire Hathaway holds a record $382 billion in cash as Warren Buffett retired and Greg Abel became CEO; the company has not announced any direct investments in cryptocurrencies.

Warren Buffett retired as CEO of Berkshire Hathaway on December 31 after about 60 years leading the company. The firm now holds a record $382 billion in cash, a level noted in market reports. Greg Abel has taken the helm and is known for running Berkshire Hathaway Energy. Berkshire has not made direct investments in cryptocurrencies and Buffett has long criticized Bitcoin. Key facts: - Berkshire Hathaway holds a record $382 billion in cash, according to published reports. - Warren Buffett stepped down as CEO on December 31 after roughly six decades in charge. - Greg Abel became CEO and is noted for his background leading the company's energy operations. - Berkshire has not made direct investments in cryptocurrencies, and Buffett has publicly criticized Bitcoin. Summary: The company now has substantial liquidity and a new chief executive, facts that market commentators have highlighted; some analysts have noted the cash could be available for acquisitions if conditions change. Undetermined at this time.