The post Warren Buffett is reportedly eyeing Berkshire Hathaway’s biggest deal in three years appeared on BitcoinEthereumNews.com. Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway is closing in on a deal to buy Occidental Petroleum’s petrochemical unit OxyChem for roughly $10 billion, the Wall Street Journal reported Tuesday. The potential deal, which could finalize within days per the Journal, could be Berkshire’s largest since 2022 when it bought insurer Alleghany for $11.6 billion. That deal was announced in March of that year and completed in October 2022. Berkshire is sitting on a record cash hoard of $344 billion. Buffett, 95, is stepping down as Berkshire CEO at the end of 2025, but he will remain as chairman. Buffett’s successor Greg Abel, who was CEO of Berkshire Hathaway Energy, is known for his strong expertise in the energy industry. Shares of Houston-based energy company fell 1.8% Tuesday despite WSJ’s report. The Omaha-based conglomerate owned more than $11 billion worth of Occidental stock, or a 28.2% stake. The 95-year-old Buffett previously said he wouldn’t take full control of the oil company, founded by legendary oilman Armand Hammer. In 2019, Buffett helped bankroll Occidental’s purchase of Anadarko Petroleum with a $10 billion commitment, receiving preferred shares and warrants to buy common stock in return.  The billionaire investor started buying Occidental common stock in the open market in early 2022 after reading a transcript of the oil company’s earnings conference call. He took advantage of the heightened volatility in the Covid pandemic to scoop up the shares at a discount. Occidental also pays a 2% dividend yield and has been investing in a carbon capture business. — Click here to reach the original WSJ story. Source: https://www.cnbc.com/2025/09/30/warren-buffett-is-reportedly-eyeing-berkshire-hathaways-biggest-deal-in-three-years.htmlThe post Warren Buffett is reportedly eyeing Berkshire Hathaway’s biggest deal in three years appeared on BitcoinEthereumNews.com. Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway is closing in on a deal to buy Occidental Petroleum’s petrochemical unit OxyChem for roughly $10 billion, the Wall Street Journal reported Tuesday. The potential deal, which could finalize within days per the Journal, could be Berkshire’s largest since 2022 when it bought insurer Alleghany for $11.6 billion. That deal was announced in March of that year and completed in October 2022. Berkshire is sitting on a record cash hoard of $344 billion. Buffett, 95, is stepping down as Berkshire CEO at the end of 2025, but he will remain as chairman. Buffett’s successor Greg Abel, who was CEO of Berkshire Hathaway Energy, is known for his strong expertise in the energy industry. Shares of Houston-based energy company fell 1.8% Tuesday despite WSJ’s report. The Omaha-based conglomerate owned more than $11 billion worth of Occidental stock, or a 28.2% stake. The 95-year-old Buffett previously said he wouldn’t take full control of the oil company, founded by legendary oilman Armand Hammer. In 2019, Buffett helped bankroll Occidental’s purchase of Anadarko Petroleum with a $10 billion commitment, receiving preferred shares and warrants to buy common stock in return.  The billionaire investor started buying Occidental common stock in the open market in early 2022 after reading a transcript of the oil company’s earnings conference call. He took advantage of the heightened volatility in the Covid pandemic to scoop up the shares at a discount. Occidental also pays a 2% dividend yield and has been investing in a carbon capture business. — Click here to reach the original WSJ story. Source: https://www.cnbc.com/2025/09/30/warren-buffett-is-reportedly-eyeing-berkshire-hathaways-biggest-deal-in-three-years.html

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more