Source: Cointelegraph.com NewsKey takeaways:<\/p>\n
Warren Buffett\u2019s Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank.
\nThe decision to divest didn\u2019t appear to be performance-based; Nu Holdings posted record profits in 2024 and Q1 2025.
\nBuffett\u2019s exit aligns with Berkshire\u2019s broader financial sector pullback and growing cash reserve strategy.<\/p>\n
Warren Buffett, the legendary investor long known for his skepticism toward cryptocurrencies, has fully exited his position in one of Latin America\u2019s most crypto-friendly banks, Nubank, before his departure from Berkshire Hathaway. Source: Cointelegraph.com NewsKey takeaways: Warren Buffett\u2019s Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank. The decision to divest didn\u2019t appear to be performance-based; Nu Holdings posted… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129400"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129400"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129400\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129400"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBerkshire earns $250 million from crypto investments
\nA May 15 filing with the US Securities and Exchange Commission (SEC) confirmed that Berkshire has liquidated its positions in Nubank\u2019s parent firm, Nu Holdings, ending its stake in the digital bank.
\nBerkshire began divesting its 40.2 million Nubank shares in 2024, selling about 20.7 million in the third quarter at an average price of $13.46 per share, according to data resource Stock Circle.
\nBerkshire Hathaway\u2019s Nu Holdings stake vs. NU price. Source: Stock CircleIn the fourth quarter, it sold an additional 46.3 million shares 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.
\nThese transactions culminated in a total gain of about $250 million from the initial investment.
\nNU doing well without Buffett
\nBuffett\u2019s divestment from Nu Holdings further follows the latter\u2019s impressive earnings in recent quarters.
\nIn Q1 2025, the firm reported a net income of $557.2 million, marking a 47% increase compared to the same quarter in the previous year. Adjusted net income reached $606.5 million, reflecting a 37% year-over-year growth.
\nIn 2024, Nu Holdings achieved an annual net income of $1.97 billion, representing a 91% increase from 2023, indicating that Berkshire\u2019s decision to liquidate NU shares entirely was not about its performance.
\nNU weekly performance chart. Source: TradingViewBuffett\u2019s exit aligns with Berkshire\u2019s broader retreat from the financial sector. In Q1 2025, it also sold off Citigroup and cut its Bank of America stake, unloading over $2.1 billion in shares.
\nThese moves pushed Berkshire\u2019s cash reserves to a record $347.8 billion, with $305.5 billion in short-term US Treasurys.
\nNubank has been among the most active digital banks embracing crypto services in Brazil, offering trading in Bitcoin (BTC), Ether (ETH), XRP (XRP), and other top cryptocurrencies directly through its app.
\nRelated: Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offerings
\nIn 2022, the neobank allocated 1% of its net assets to BTC, furthering Buffett\u2019s indirect exposure to Bitcoin despite his criticism toward the cryptocurrency, which he once called a \u201crat poison squared.\u201d
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"