The episode yesterday also did nothing to help the price of Berkshire stock.
They will be almost equivalent to a thirtieth of a share of existing Berkshire stock.
"If we thought Berkshire stock was undervalued we would not be making a public offering," he said.
The high price of Berkshire stock has created a number of problems for holders.
But the investor would also receive a warrant allowing the purchase of Berkshire stock.
That would be expected to happen if Berkshire stock were to fall sharply.
If so, it is a fairly modest 0.079 percent of his net worth of $14 billion in Berkshire stock.
Berkshire stock rose $250 a share, to $22,450.
At the end of last year, Berkshire stock fetched 1.4 times the value of its top eight holdings.
They can receive the current value of the bonds in cash, or take Berkshire stock worth just a little bit less.