Source: eCompany Author: Han Zhongnan On June 25th, the Hong Kong Stock Exchange disclosed that Berkshire Hathaway sold 2.0175 million shares of BYD Company Limited on June 19th, with an average reduction price of HKD 234.57 per share, cashing out approximately HKD 473 million, and the shareholding ratio decreased from 6.18% to 5.99%. It is worth noting that on June 11, Berkshire Hathaway just made a reduction and cashed out HKD 311 million. Reviewing the previous information, since the first reduction of BYD in August 24, 2022, the "stock god" Buffett has reduced his holdings of BYD many times. The shareholding ratio of Berkshire Hathaway has been adjusted from 19.92% to the current 5.99%. Some strategic analysts said that once Berkshire Hathaway's shareholding ratio of BYD drops to 5%, Buffett's reduction speed may accelerate. On June 25th, BYD A shares rose by 1.63%, closing at RMB 254.01 per share, and Hong Kong stocks rose by 0.84%, closing at HKD 239.60 per share. In the Berkshire Hathaway shareholder meeting held in May this year, Buffett mentioned BYD, saying that BYD and Costco were the stocks that he and Munger worked together for these years and Munger most firmly advocated buying. Talking about why he reduced holdings of BYD, Buffett said that Berkshire Hathaway's investment in BYD was similar to the investment in Japan five years ago, which was a large investment that was rare outside of the United States. In the future, he hopes to focus more on the United States. In fact, recently, not only has Buffett been continuously reducing his holdings of BYD, but his favorite "apple" has also been greatly reduced. The latest holding situation submitted by Berkshire Hathaway to the US Securities and Exchange Commission (SEC) shows that in the first quarter of 2024, Buffett reduced his holdings of Apple Inc. by about 116 million shares, reducing his holdings of Apple from 49.3% at the end of 2023 to 40.3%. Analysts pointed out that judging from the portfolio adjustment actions, Buffett is withdrawing from the technology sector and returning to the industries he was familiar with before. The most obvious change is that Buffett has re-established a large position in Chubb Ltd. which he previously owned. Buffett also said in a recent letter to shareholders, "Property and casualty insurance provides the core protection for Berkshire's health and growth." "Only take a swing when conditions are right," Buffett believes that unless he can find investment standards with low risk and lucrative returns, he will not spend this money.
$Bitcoin (BTC.CC)$ Breaking through $79,000 for the first time, reaching a new historical high, once approaching the $80,000 mark. In the past 5 days, bitcoin has accumulated a rise of over 14%, and year-to-date bitcoin has surged over 87%.
According to Coinglass data, in the last 24 hours, over 0.13 million people have been liquidated.
Cryptos are considered part of the 'Trump Trade' phenomenon. Since the election began, investors in the crypto market have been betting on Trump's victory, resulting in a significant rise across the crypto board and a fervent trading atmosphere in the market.
Elon Musk, the Tesla chief who has long supported dogecoin, stated that if Trump wins the election, he will establish the Department of Government Efficiency (D.O.G.E.). Musk has provided full support for Trump's presidential campaign. As reported by the media earlier, Musk started supporting Trump in July 2024 and contributed at least $0.118 billion to the 'American Political Action Committee', which played a crucial role in Trump's campaign efforts in swing states.
Trump has previously expressed clear support for the development of cryptocurrencies. In July, Trump announced at the Bitcoin 2024 conference that if he returns to the White House, he will categorize bitcoin as a strategic reserve asset for the United States. At that time, he also promised cryptocurrency investors that on the first day of his election, he would dismiss Gary Gensler, the chairman of the U.S. Securities and Exchange Commission.
On November 10th, the latest news, the newly elected US President Trump announced the establishment of the Trump-Wans inauguration committee on November 9th local time, with former Georgia Republican Senator Kelly Loeffler and New York real estate investor Steve Witkoff as co-chairs.
According to reports from multiple US media outlets such as the Associated Press, on November 9th local time, the final results of the Arizona election were announced. President-elect Trump won and obtained 11 electoral votes, totaling 312 electoral votes, while Harris received 226 votes. In the 2020 US presidential election, Arizona was won by the current President Biden.
According to reports, the newly elected US President Trump announced on November 9th local time that he will not invite former Republican presidential candidates Nikki Haley and former Secretary of State Mike Pompeo to join his administration. Haley served as Governor of South Carolina and was the US Ambassador to the United Nations during the Trump administration. Pompeo served as CIA director and Secretary of State during the Trump administration. He was also seen as a potential Republican presidential candidate, but announced in April 2023 that he will not run.
Editor/Rocky
