Full Breakdown
Berkshire’s Bending Spoons Bet Fuels Share Rally to Highest Level Since Buffett’s Succession Announcement
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Core Event
Berkshire Hathaway’s Class A and Class B shares closed Friday at $798,000 and $532.02 respectively, each just 1.4 % below their all-time highs of $809,350 and $539.80. The rally marks the highest closing level since Warren Buffett announced at the May 2025 annual meeting that he would step down as CEO at year-end.
Bending Spoons Investment Details
Berkshire first invested roughly $600 million in the Italian tech firm at its IPO in early July 2026, buying an estimated 20.7 million shares at $29 each. A subsequent private placement added $330 million for 10 million newly issued shares at $33 each, a near-12 % discount to the $37.86 closing price the day before. Combined, Berkshire now holds about 30.7 million shares, representing roughly a 4-5 % stake and a total value exceeding $1.4 billion at the latest close—a gain of about 55 % on the $930 million cumulative outlay.
Market Impact and Valuation
Bending Spoons’ stock surged to an intraday high of $58.56, closing at $53.46, a 41 % jump on the day of the private-placement announcement. Over three trading days the share price rose 24.3 %, delivering a paper profit of roughly $141 million for Berkshire based on its $33 purchase price. The tech company’s rapid appreciation has contributed to Berkshire’s overall performance, helping the conglomerate stay only 6.0 percentage points behind the benchmark for the year.
Official Statements & Responses
Berkshire has not disclosed which internal decision-maker authorized the stake.
What’s Next
The exact number of shares Berkshire purchased in the July IPO will be clarified when the portfolio snapshot due on September 30 is disclosed. Holdings as of June 30 2026 were reported in Berkshire’s 13F filing on August 14 2026.