Berkshire Hathaway's investment in Alphabet has resulted in a paper loss of $3 billion, while Class A shares have hit a record high.

Berkshire Hathaway purchased approximately 106 million shares of Alphabet stock in June at around $350 per share, for a total investment of approximately $10 billion. Due to Alphabet's stock price falling by more than 24% since June, Berkshire Hathaway's holdings have suffered a paper loss of approximately $3 billion. In addition, Berkshire Hathaway invested $930 million in Bending Spoons, an investment that has recently declined. Berkshire Hathaway Class A shares rose to a record high of approximately $875,000 on Thursday, up about 16% over the past month. As of the end of the second quarter, the company held approximately $365.5 billion in cash and related liquid assets.