Warren Buffett has reduced Berkshire Hathaway’s stake in short-term Treasury bills by tens of billions of dollars and is doubling down on one broadcasting company’s stock.

New SEC filings show Buffett’s short-term Treasury bill holdings declined by $42.867 billion at the close of the second quarter of the year when compared to December 2024, with total holdings of T-bills now at $243.605 billion.

Meanwhile, Berkshire Hathaway purchased 5,030,425 more shares of Sirius XM Holdings (SIRI) last month at around $21 per share, bringing its total holdings of SIRI to 124,807,117 shares.

SIRI is trading for $20.97 per share at the close of the market on Wednesday.

Also last month, Berkshire Hathaway dumped nearly $1.23 billion worth of shares in the domain name giant Verisign.

Verisign announced the Omaha-based investment giant would sell 4,300,000 shares of the company’s common stock to the public for $285 per share. The sell-off materialized after Buffett’s firm acquired multiple new stocks in the first quarter of 2025.

Filings with the SEC earlier this year showed Berkshire added 865,311 shares of the swimming pool supply giant POOLCORP (POOL) for nearly $262 million in Q1. The firm purchased an additional 6,384,676 shares of the alcohol producer Constellation Brands (STZ) for nearly $961 million and it acquired 238,613 new shares of Domino’s Pizza (DPZ) worth approximately $204 million.

Berkshire also bought 112,401 new shares of Heico Corporation (HEI), an aerospace and electronics firm, worth nearly $50 million in Q1.

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Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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Last updated: 

July 18, 2025

XRP surged past a historic milestone on Friday, trading above $3.60 for the first time, after a wave of bullish developments reshaped the regulatory and market landscape for the Ripple-linked asset.

The token peaked at $3.64, up nearly 68% over the past month, according to market data, as investors responded to a flurry of major catalysts.

Chief among them was three key crypto bills passing in the US House of Representatives, including the long-awaited GENIUS Act and CLARITY Act, which aim to bring legal clarity to digital assets.

XRP Gets Institutional Boost With ETF Debut

Adding fuel to the rally, ProShares is set to launch the first XRP futures ETF in the US on the same day. As a result, this move opens the door for broader institutional participation in the XRP market, which until now has been largely out of reach for many traditional investors.

Further, the momentum has attracted heavyweight interest. Eleven major asset managers, including Franklin Templeton, Grayscale, 21Shares and Bitwise, have already filed applications linked to XRP investment products. Together, these filings signal growing confidence in the asset’s long-term potential.

2023 XRP Court Win Could Soon Be Final

On the regulatory front, traders are watching closely for a possible breakthrough. Market chatter suggests the US SEC may soon drop its appeal in the high-profile Ripple case. If that happens, it would cement a 2023 court ruling that found XRP sales to retail investors do not constitute securities offerings under US law.

Prediction markets seem to agree. For instance, Polymarket now assigns an 88% probability that a spot XRP ETF will be approved by Dec. 2025.

In the near term, traders are closely watching two key dates: July 21 and July 25. On these days, leveraged ETF proposals could be finalized. If that happens, it may trigger broader adoption of XRP-based ETFs.

XRP Open Interest Soars 25% to $4.6B in 24 Hours

Meanwhile, derivatives market activity has surged. Coinalyze data shows XRP open interest jumped 25% in the past 24 hours, reaching $4.6b. Nearly all of that is concentrated in perpetual contracts. Notably, Binance and Bybit dominate the market, holding $1.8b and $1.6b in open interest, respectively.

Additionally, CoinGlass data reinforces the trend. In the past 24 hours, XRP liquidations reached $88.54m. This figure is higher than Bitcoin’s $79.67m and second only to Ethereum’s $206.65m. Notably, the liquidations were heavily skewed toward short positions. This suggests many traders were caught off guard by the sudden price jump.

Overall, the crypto market saw widespread liquidations. More than 153,000 traders were wiped out in a single day. In total, $577m in positions were lost. XRP played a major role in driving this volatility.

The rally’s strength appears to be gaining solid support. Rising institutional interest and whale accumulation are driving momentum. As a result, analysts now view a breakout toward $4 as a realistic short-term target.

XRP’s rise marks a sharp turnaround for the token. For much of the past three years, it was weighed down by regulatory uncertainty. Now, things have changed. With fresh legislative clarity, ETF momentum and strong market support, XRP seems to be entering a new era of legitimacy.

It won Crypto Week on Tuesday, and it suddenly stopped digital asset bills invoices on a procedural vote as U.S. House members opposed the way they developed under Senate control.

The non-flammability in the procedural vote quickly denounced the crypto market as the House moved towards passing industry top priorities for uncertainty about this week’s good news. The legislation still has strong bipartisan support, with more votes scheduled for late Tuesday afternoon, suggesting that the procedural accident could be overcome. More than dozens of Republicans joined the Democrats and voted against the motion.

The two, who are well-versed in the issue, told Coindesk that they are aiming for an ET at 5pm. This means that this confusion can be resolved on Wednesday and Thursday without delaying more important votes than are currently expected.

US President Donald Trump urged Republicans to vote in favor of the rules early Tuesday in the post on True Society.

Bitcoin (BTC) and Ether (ETH) were each kneeling around 0.5% in the news, but both have recovered most of these declines. High-flying Stablecoin Issuer Circle (CRCL) moved to session decline by 5.3% that day. Since the IPO last month, stock has remained about six times higher.

Procedural disruptions can become the norm for legislative processes. As the genius act headed for passage in the Senate, Democrats denounced the break, opposed certain provisions and forced more debate. It is unclear whether similar delays could be forced by unfortunate Republicans in this week’s bill.

US Democratic lawmakers, led by House members Maxine Waters and Stephen Lynch, announced on July 11 that next week will be designated “Anti-Crypto Corruption Week.”

The initiative aims to unite Democrats in opposing several pro-crypto bills that are currently under consideration in Congress, including the GENIUS Act, the CLARITY Act, and a proposed law aimed at preventing the creation of a central bank digital currency (CBDC).

The push against these crypto legislations comes as Washington prepares for the “Crypto Week,” during which lawmakers hope to finalize these bills. Proponents of the proposals argue that they could reshape the crypto landscape and further cement the US’s status as a leader in the sector.

Anti-crypto corruption week

In their joint statement, Waters and Lynch argued that it may lead to fraud and entrench controversial crypto ventures linked to President Donald Trump.

According to Waters, these bills could allow bad actors to exploit the system, furthering Trump’s alleged corrupt activities that have benefited him and his allies financially.

She also criticized the legislation for lacking consumer protections and national security safeguards.

According to her:

“The irony couldn’t be more glaring: the same Republicans who rail against a government-backed digital dollar in the name of ‘freedom’ are now rushing to hand over the keys to Americans’ financial future to Trump’s illegal and corrupt crypto empire.”

Waters concluded that the bills would approve activities undermining trust in the US financial system.

She added:

“Republicans are sending a clear message to the American people that they are unwilling to stand up to the crypto lobby, and even more disturbingly, that they are too cowardly to stand up to the President. Well, Democrats are not afraid, and will spend this week reminding the public of the true cost of this corruption.”

Lynch also echoed similar views in his statement, warning that the Anti-CBDC bill could slow US research into digital currencies, giving countries like China an upper hand in the emerging technology.

He said:

“The volatile and risky nature of crypto products and the lack of investor protections will likely have devastating consequences on Americans’ financial lives, and Congress cannot allow it to undermine our traditional financial markets which are the envy of the world.”

Notably, the Democratic lawmakers’ position is consistent with their broader skepticism toward the crypto industry.

For context, Connecticut’s Democratic-majority legislature recently passed a law banning state agencies from investing in digital assets, which Governor Ned Lamont signed into law.

Nationally, prominent Democrats such as Senator Elizabeth Warren continue to voice concerns about the risks associated with cryptocurrencies, reinforcing the party’s caution towards the emerging sector

Mentioned in this article

US President Donald Trump didn’t answer a reporter’s question on whether he would divest from his family’s crypto ventures in order to ensure passage of key cryptocurrency legislation, saying only that if the US didn’t have crypto, China or other countries would.

“Many Democrats have said that they are not going to support crypto bills in Congress only because of you and your family’s personal crypto ventures,” a reporter said to Trump during press briefing at the White House on Friday.

Asked whether he would consider divesting from his crypto ventures to ease political pressure on digital asset bills on Congress, Trump responded:

“I became a fan of crypto, and to me, it’s an industry. I view it as an industry and I am president. And if we did not have it, China would, or somebody else would, but most likely China would love to, and we have dominated that industry.

We have created a very powerful industry, and that is much more important than anything that we invest in,” Trump said.

The growing concern among lawmakers over Trump’s crypto ties and the potential conflict of interests threaten to derail efforts to establish comprehensive regulations for the industry, a policy objective that has gradually gained bipartisan support since 2024.

Related: Ex-US top regulator warns of conflicts of interest as Senate weighs market structure

Democratic lawmakers move to address conflict of interest concerns

The Senate passed the GENIUS Stablecoin bill in a 68-30 vote on June 17, without proposed amendments from Democratic lawmakers seeking to limit a US president’s involvement in the crypto industry.

California Senator Adam Schiff introduced the Curbing Officials’ Income and Nondisclosure (COIN) Act on Monday. The bill would prohibit the president, his family and officials in the executive branch from issuing or endorsing any digital asset.

“Donald Trump and other senior administration officials have made a fortune off of crypto schemes. Today, I am introducing the COIN Act to put a stop to this corruption in plain sight,” Schiff wrote on X.

Magazine: Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky

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