Buffett's Berkshire Hathaway's market value exceeds $1 trillion, comparable to the total market value of Bitcoin
On August 29, Cointelegraph reported that Buffett's Berkshire Hathaway rose 0.75% on August 28, and its market value exceeded $1 trillion, which is comparable to the total market value of Bitcoin. So far in 2024, the stock has risen by more than 29%, exceeding the 17% increase of the S&P 500 index and comparable to Bitcoin's 31% increase in the same period.
Berkshire achieved impressive profits in 2024 through a diversified business portfolio including insurance, energy, manufacturing, retail and services. In the first half of this year, these business units achieved profits of $22.8 billion, an increase of 26% from last year.