Berkshire Hathaway Invests $1B in Brazilian Digital Bank Nubank, Reduces Mastercard, Visa Positions

2 years ago

Berkshire Hathaway bought $1 cardinal successful shares of Brazilian integer slope Nubank successful the 4th fourth of 2021, according to a 13F filing with the Securities and Exchange Commission.

  • In December, erstwhile Nubank went public, Berkshire Hathaway reportedly acquired 30 cardinal shares for a full of $250 million. At that time, Nubank's valuation reached $41.5 billion.

  • In the 4th fourth of 2021, Berkshire besides sold 1.27 cardinal shares of Visa and 302,000 shares of Mastercard.

  • Although Nubank does not let trading successful cryptocurrencies, its concern unit, NuInvest, allows users to put successful crypto speech traded funds (ETF), according to the institution website.

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Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.


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