Warren Buffett sells more Bank of America shares, cashing out nearly $10 billion, approaching the regulatory 10% exemption reporting threshold

During the period from October 3rd to 7th, Buffett once again reduced his holdings in Bank of America, cashing out $383 million. His shareholding ratio has dropped to 10.1%, but he still remains the largest shareholder of the bank. Since mid-July, he has cashed out approximately $10 billion in total. If he sells a little more, the stake in Bank of America will fall below 10%, and Berkshire Hathaway will no longer need to disclose the transaction in a timely manner