Warren Buffett's Berkshire Hathaway has fully exited its position in Nubank, a crypto-friendly bank in Latin America, achieving a profit of $250 million. This exit comes despite Nubank reporting record profits for 2024 and Q1 2025, indicating that the decision wasn't driven by performance issues. Throughout 2024, Berkshire divested its stake in Nu Holdings, Nubank's parent company, selling shares at average prices between $11.83 and $13.46. Additionally, Buffett's divestment aligns with Berkshire's broader strategy to reduce exposure to the financial sector, including significant share reductions in Citigroup and Bank of America. As of Q1 2025, Berkshire's cash reserve has grown to $347.8 billion. Nubank has been proactive in integrating crypto services, offering trading in major cryptocurrencies like Bitcoin and Ether through its app, despite Buffett's historical skepticism towards cryptocurrencies.

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