In a strategic move that has Wall Street buzzing, Warren Buffett's Berkshire Hathaway has been on a selling spree, dramatically reducing its stake in Bank of America Corp. Recent filings reveal that Buffett's ownership has now slipped to approximately 10.3%. If this trend continues, his share could fall below the pivotal 10% threshold in just a few days, which would grant him greater discretion in his trading activities—no longer required to promptly disclose each transaction to the public.

Buffett's latest round of selling, totaling $461 million over just three days, adds to a significant series of transactions since mid-July, amounting to an astonishing $9.4 billion in sales. Despite this considerable offloading, Berkshire still retains a hefty stake in the bank, currently valued at nearly $32 billion based on recent market prices. This positions Berkshire as the largest shareholder of Bank of America, a testament to Buffett's long-standing relationship with the financial institution.

While some analysts speculate about the motives behind Buffett's divestiture, others point to broader market trends and potential reinvestment opportunities for Berkshire Hathaway. The investment giant's maneuvering raises questions: Is Buffett foreseeing a downturn for Bank of America, or is he simply reallocating capital to more lucrative ventures?

As the financial world watches closely, one thing is clear—this key milestone in Buffett's trading strategy could reshape how he engages with the market moving forward. Stay tuned for more updates on this evolving story!