Main takeout:
Warren Buffett’s Berkshire Hathaway earned $ 250 million at the entire exit of Crypto -friendly Nubank.
The decision to sell was not seen as a performance base. NU HOLDINGS earned records in the first quarter of 2024 and 2025.
Buffett’s outlet matches Berkshire’s extensive financial sector fullback and cash preliminary strategy.
Warren Buffett, a long -known legendary investor on skeptic about Cryptocurrencies, has completely escaped his position in one of the most encrypted banks in Latin America before departing from Berkshire Hathaway.
Berkshire earn $ 250 million in encryption investment.
According to the US Securities and Exchange Commission (sec) on May 15, Berkshire has settled its stake in Digital Bank by clearing its position in Nu Holdings, NUBANK’s parent company.
According to Data Resource Stock Circle, Berkshire has sold 42 million Nubank stocks in 2024 in 3Q, an average of $ 13.46 in 3Q, selling about 27 million in 3Q.
In the fourth quarter, an additional 46.3 million shares were sold with an average price of $ 13.22. The final trench of 42 million weeks was sold at an average of $ 11.83 in the first quarter of 2025.
The transaction peaked at a total of $ 250 million from the initial investment.
I’m doing well without Buffett
The sale of NU Holdings’ Buffett follows the latter’s impressive income in recent quarter.
In the first quarter of 2025, the company’s net profit was reported to be $ 550 million, up 47% from the same quarter last year. The adjustment net profit reached $ 665 million, reflecting 37%of the previous year.
In 2024, NU HOLDINGS achieved an annual net profit of $ 19.7 billion, an increase of 91% from 2023, indicating that the decision to completely clear Berkshire’s NU stocks is not about the performance.
Buffett’s exit is consistent with Berkshire’s widespread retreat. In the first quarter of 2025, the company sold Citigroup and cuts more than $ 2.1 billion in stocks by cutting its stake in Bank of America.
This movement has made Berkshire’s cash reserves of $ 347 billion, $ 305.5 billion in the short -term US Treasury.
Nubank is one of the most active digital banks that accommodate encryption services in Brazil, providing BTC (Bitcoin), Ether (Ether), XRP (XRP) and other best cryptocurrencies.
relevant: Berkshire Support Nubank adds ADA to ATOM nearby and adds it to encryption products.
In 2022, Neobank assigned 1%of its net assets to BTC and called “Rat Poison Square” at once despite his criticism of cryptocurrency.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.