Warren Buffett’s $17 Billion Treasury Purchase Fuels Bitcoin Crash Fears

Berkshire Hathaway has long been known for holding substantial liquidity while waiting for opportunities to invest at lower prices. Its cash and cash equivalents reached $373 billion at the end of 2025, more than double the 2023 level. The market has therefore interpreted Warren Buffett’s growing cash position as a warning that risk assets, including stocks and Bitcoin, may be overvalued.

A report on April 1, 2026, said Buffett had recently told CNBC that Berkshire Hathaway bought about $17 billion in U.S. Treasury bills in the latest auction round. He also said the recent decline remained modest compared with past crashes of more than 50%. At the time, the S&P 500 was down about 5.75% from its January high, adding to concerns about downside risks for Bitcoin.