Buffett continues to sell Bank of America stocks, with total cash-out exceeding $10 billion USD

Warren Buffett's conglomerate further reduced its holdings in Bank of America, cashing out over $10 billion in the continuous months of stock selling frenzy. According to a document submitted to regulatory agencies on Monday, in the 14th round of sales, Berkshire Hathaway (BRK) obtained total proceeds exceeding $10 billion by reducing its stake in the second largest bank in the United States. The 94-year-old Buffett began cutting this massive investment in mid-July, putting pressure on the company's stock price ever since. In the most recent round of trading, Berkshire cashed out $383 million within three trading days, selling fewer shares than in previous rounds. The company's filing shows that Buffett's selling tendency tends to slow down when the stock price falls to $39. On Monday, the stock closed at $39.96. Based on the current stock price, Berkshire's remaining 10.1% stake is valued at approximately $31.4 billion