Berkshire Hathaway resumes buybacks for first time since 2024 as CEO Greg Abel also buys stock
Berkshire Hathaway resumed stock buybacks in March 2024, while CEO Greg Abel personally purchased $15 million in Class A shares.Summary
Berkshire Hathaway has restarted repurchasing its own shares, marking the first buybacks since the second quarter of 2024, as disclosed in a recent regulatory filing. The company began buying Class A and Class B shares on March 4, adhering to its policy of repurchasing stock when management deems the market price below its intrinsic value. This action occurs while Berkshire holds a record $373.3 billion in cash and short-term investments under the leadership of CEO Greg Abel. Separately, filings indicate that Abel personally bought approximately $15 million worth of Berkshire Class A shares through his family trust, signaling strong confidence in the company's long-term valuation during the ongoing leadership transition following Warren Buffett's move from the CEO role.
(Source：Crypto Briefing)