Warren Buffett's Berkshire Hathaway Sells $863M in Bank of America Stock

The sales bring Berkshire's stake in the bank closer to a 10% regulatory threshold, with the conglomerate still holding a significant $32.1 billion position.

Berkshire Hathaway sold an additional 21 million Bank of America shares between Sept. 20 and Sept. 24, generating $863 million in proceeds.
Since July, Berkshire has offloaded approximately $9 billion worth of Bank of America stock.
Despite the sales, Berkshire remains the largest shareholder of Bank of America with a 10.5% stake valued at $32.1 billion.
CEO Brian Moynihan praised Buffett's investment in Bank of America, acknowledging the stability it brought to the company post-2008 financial crisis.
Buffett's decision to trim the stake may be aimed at reducing Berkshire's holdings below the 10% regulatory reporting threshold.