- Warren Buffett’s Berkshire Hathaway confirmed the size of its Snowflake stake in a regulatory filing on Monday.
- The billionaire investor’s company owns about 5.1 million Class A shares, or 2.2%, of the cloud-data platform’s outstanding stock.
- Berkshire has notched a $800 million gain, as it spent $735 million on shares worth more than $1.5 billion as of Monday’s close.
- The unusual bet shows that Buffett’s company is “evolving and becoming a much more tech-aware, tech-centric, tech-focused conglomerate,” Snowflake CEO Frank Slootman told Yahoo Finance.
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Warren Buffett’s Berkshire Hathaway officially disclosed its stake in Snowflake on Monday, confirming it has scored a $800 million gain on its investment in the cloud-data platform.
The famed investor’s