Berkshire Hathaway (NYSE: BRK.A, BRK.B) came out of the second quarter with much stronger operating profit, while CEO Greg Abel kept the company’s position on crypto firmly cold. Berkshire Hathaway spends more cash as energy, railroads and manufacturing push profit higherThe operating numbers were led by businesses outside insurance. In Q2, it became quite obvious how he would deal with equities: Berkshire Hathaway purchased nearly $20 billion worth of stocks more than it sold. Berkshire Hathaway stock is up about 3% in 2026, while the S&P 500 has gained roughly 13%. Greg Abel rejects crypto for now while Berkshire Hathaway keeps technology investments openCrypto investors are not getting the same treatment as Alphabet.