The capital was deployed via a private placement of 10 million shares at $33 each, lifting Berkshire's total ownership in the Italian technology company to 4% after an initial $600 million investment during its July IPO. Market analysts noted the position now represents roughly 0.33% of Berkshire's total portfolio, while some voiced concerns over the stock's organic growth and terminal value.
Tuesday, October 20, 2026
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Traders Profit Millions from Unusual Bending Spoons Calls Before Berkshire Deal
Startups6 days ago
Options traders purchased thousands of high-risk contracts in Bending Spoons days before the company announced an additional $330 million investment from Berkshire Hathaway. On Oct. 13, buyers took 1,465 December $55 call options for $314,000 when open interest was zero, while 1,000 Oct. 16 $40 calls were bought on Oct. 7 for $231,000. These positions, which were heavily out of the money, yielded millions in profits as shares surged over 35% to more than $50.
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