Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Capital One Financial Corp (NYSE:COF) shares are trading higher Tuesday after Berkshire Hathaway took a new stake in the financial services company.
What Happened: According to a new 13-F filing, Warren Buffett's Berkshire Hathaway purchased 9.922 million shares of Capital One valued at more than $950 million.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Capital One wasn't the only change in the banking space for Berkshire Hathaway last quarter. The Buffett-led firm also upped its positions in Citigroup Inc (NYSE:C) and Bank Of America Corp (NYSE:BAC), while cutting positions in U.S. Bancorp (NYSE:USB) and Bank Of New York Mellon Corp (NYSE:BK).
All disclosures in Berkshire's regulatory filing are as of March 31.
Check This Out: Warren Buffett Trims Activision Blizzard, Adds Capital One In Q1: What Investors Need To Know
COF Price Action: Capital One shares are down more than 22% over the last three months and down more than 26% over the last year
The stock was up 6.54% after hours at $94.95 on the heels of the buy from Berkshire, according to Benzinga Pro.
Photo: Morgan from Flickr.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.