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BTCC / BTCC Square / Global Cryptocurrency /
Berkshire’s $9.7B OxyChem Deal Closes as Cash Pile Hits Record $381.7B

Berkshire’s $9.7B OxyChem Deal Closes as Cash Pile Hits Record $381.7B

Author:
Global Cryptocurrency
Published:
2026-01-02 20:31:02
16
2
BTCCSquare news:

Berkshire Hathaway cemented its industrial foothold with the OxyChem acquisition, deploying just 2.5% of its war chest while maintaining a $381.7 billion cash position. The move signals continued appetite for cash-generating essentials - a strategy crypto investors might recognize from Bitcoin's 'digital scarcity' thesis.

Occidental's debt reduction plans mirror crypto deleveraging cycles, where projects like SOL and ETH have demonstrated balance sheet discipline during bear markets. Meanwhile, Berkshire's chemical sector bet contrasts with crypto's infrastructure plays in tokens like DOT (Web3) and FIL (decentralized storage).

The transition to Greg Abel's leadership invites comparisons to crypto's generational shifts - from Bitcoin maximalism to Ethereum's smart contract dominance, and now the rise of altcoins like PEPE and WIF. Market reactions were muted, with BRK-B dipping 1.71% as traders digested the news.

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