Bitcoin Leaves Berkshire Hathaway Behind as its Market Cap Breaches $800 Billion

The market value of apex cryptocurrency Bitcoin has overtaken that of American conglomerate holding company Berkshire Hathaway.

Bitcoin’s market cap surged above $800 billion on Dec. 4, nudging past billionaire investor Warren Buffet’s company on Dec. 3.

Berkshire Hathaway has seen a slight decline recently, slipping around 1.3% over the past five days. Despite the recent drop, Berkshire Hathaway is still up 4.7% over the past 30 days and 14.7% year to date (YTD).

The volatility of BRK.A is nowhere near that of Bitcoin, which surged 20% over the past month and almost 150% YTD, according to data from CoinGecko. The cryptocurrency has been steadily hitting multi-month highs recently, surpassing $41,000 on Dec. 4 for the first time since April 2022.

Berkshire Hathaway is a multinational conglomerate holding firm headquartered in Omaha, Nebraska, the United States. Berkshire’s main business is insurance, from which it invests in a big portfolio of companies, including Bank of America and Apple.

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