Warren Buffett's BofA stock-selling spree has surpassed $10 billion

(Bloomberg) — Warren Buffett's team added another zero to its collection from a monthlong selloff in Bank of America Corp. (BAC) stock.

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In its 14th round of disposals, Berkshire Hathaway Inc. The second-largest U.S. bank received $10 billion in gross proceeds from its stake, a regulatory filing on Monday showed. Buffett, 94, began a massive investment spree in mid-July, putting pressure on stock prices ever since.

In the latest batch, Berkshire raised $383 million in three trading days, as it unloaded fewer shares than in many previous rounds. Buffett stopped selling when the stock fell to $39, his company filings show. Shares closed at $39.96 on Monday.

At that price Berkshire's remaining 10.1% stake is worth about $31.4 billion.

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