Key takeaways:
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Berkshire Hathaway by Warren Buffett gained $ 250 million from its complete exit from Crypto-friendly Nubank.
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The decision to divest does not appear to be based on the performance-NU holdings posted the record income in 2024 and Q1 2025.
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Buffett’s exit is in line with the broader Berkshire financial sector and a growing cash reserve approach.
Warren Buffett, the legendary investor who has long been known for his skepticism towards the cryptocurrencies, has fully appeared his position in one of the most crypto-friendly banks of Latin America, Nubank, before his Removal from Berkshire Hathaway.
Berkshire earns $ 250 million from crypto investments
A May 15 filing Using the US Securities and Exchange Commission (SEC) confirmed that Berkshire has fully linked its positions with Nubank’s parents’ firm NU Holdings, who ends with stake in the digital bank altogether.
Berkshire initiated the divergency of 40.2 million Nubank shares in 2024, selling approximately 20.7 million in the third quarter at an average price of $ 13.46 per part, according to data source Stock Circle.
In the fourth quarter, it sells an additional 46.3 million distribution at an average price of $ 13.22. The final tranche of 40.2 million shares was sold in the first quarter of 2025 at an average price of $ 11.83.
These transactions end with a total gain of approximately $ 250 million from initial investment.
NU well done without a buffett
Buffett’s divestment from NU Holdings further adheres to the latter’s wonderful income in previous homes.
In Q1 2025, the firm reported A net income of $ 557.2 million, which marks 47% increase compared to the same quarter last year. The adjective net revenue reached $ 606.5 million, reflecting a 37% year-to-year growth.
In 2024, the NU Holdings achieved An annual net income of $ 1.972 billion, representing a 91% increase from 2023, indicating that the Berkshire’s decision to liquidate NU shares is not about its performance.
Buffett’s release aligned with Berkshire’s broader backline from the financial sector. In Q1 2025, it also sold Citigroup and cut off the Stake of the Bank of America, which removes more than $ 2.1 billion in sharing.
These moves are pushed Berkshire Cash Reserves In a record of $ 347.8 billion, with $ 305.5 billion in short -term US Treasurys.
Nubank is among the most active digital banks that embrace crypto services in Brazil, which offers trading with Bitcoin (Btc), Ether (Eth), XRP (XRP), and other top cryptocurrencies directly through its app.
Related: Berkshire supported by Nubank adds ADA, closely, atom in crypto offerings
In 2022, the neobank allocated 1% of its net assets at BTC, expanded Buffett’s indirect exposure to Bitcoin despite his criticism of cryptocurrency, which he called a “Rat poison squared. “
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
