Bending Spoons Shares Jump 35% After Berkshire Hathaway Adds to Holding

Bending Spoons (NASDAQ: BSP) shares surged more than 35% in Wednesday trading following a $330 million follow-on investment from Berkshire Hathaway. The capital injection marks the second major commitment from the Omaha-based conglomerate in less than four months, reinforcing its position in the software developer and digital “serial acquirer.”

The investment was structured as a private placement of 10 million ordinary shares at a price of $33.00 per share. According to a Business Wire disclosure, this pricing represented a approximately 13% discount to Tuesday’s closing price. The move brings Berkshire Hathaway’s total ownership stake in Bending Spoons to approximately 4%.

Strategic Shift Under Greg Abel

The decision to double down on Bending Spoons highlights a shift in Berkshire Hathaway’s portfolio strategy under CEO Greg Abel, who assumed leadership at the start of 2026. While Berkshire has historically favored cash-generative industrial and insurance assets, Abel has overseen a significant increase in technology exposure this year, including the establishment of a $17 billion position in Alphabet.

Analysts suggest the Bending Spoons investment aligns with Berkshire’s preference for disciplined capital allocators. Bending Spoons CEO Luca Ferrari has frequently described the company’s business model as a “compounding engine,” utilizing a strategy that blends elements of private equity with high-scale software operations to revitalize established digital products.

Berkshire Hathaway previously provided a cornerstone investment of $600 million during Bending Spoons’ initial public offering on July 1, 2026. That IPO raised $1.68 billion at an initial valuation of $18.4 billion. Since going public, the stock has experienced significant volatility, typical of high-growth technology firms, but today’s rally indicates renewed market confidence in the firm’s acquisition-heavy roadmap.

Rapid Portfolio Expansion

Bending Spoons has maintained an aggressive pace of acquisitions throughout 2026. In September, the company signed a definitive agreement to acquire the visual collaboration platform Miro for $1.355 billion, a deal expected to finalize in the coming months. This followed the recent completion of its acquisition of Airtable, adding to a portfolio that already includes WeTransfer and Tractive.

The $330 million in new capital provides Bending Spoons with additional liquidity as it pursues its stated goal of acquiring undervalued digital platforms and applying its proprietary operational playbook to improve profitability. While the stock’s 35% jump on Wednesday suggests investor enthusiasm for the Berkshire partnership, the company’s long-term valuation remains closely tied to its ability to integrate these large-scale acquisitions without diluting its margins.

As of Wednesday afternoon, Bending Spoons continues to trade at a premium relative to its July IPO price, buoyed by the confirmation that Berkshire Hathaway remains a committed long-term partner in its consolidation strategy.

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