Warren Buffett steps down as Berkshire Hathaway chairman, son Howard succeeds him
- —Buffett stepped down as Berkshire Hathaway chairman at 96, with the company worth about $1 trillion
- —Howard Buffett took the chairman role, while CEO Greg Abel retained operational leadership
- —Berkshire held $359.2 billion in cash and US Treasuries at the end of June 2026
- —Berkshire fully exited Nu Holdings, selling 40.2 million shares at an average of $11.83
Why it matters: The departure of Wall Street's leading crypto skeptic could eventually soften Berkshire's stance on crypto assets, though decisions remain with Abel.
Source: Cryptoast