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Key takeaways:
Warren Buffett’s Berkshire Hathaway earned $250 cardinal from its implicit exit from crypto-friendly Nubank.
The determination to divest didn’t look to beryllium performance-based—Nu Holdings posted grounds profits successful 2024 and Q1 2025.
Buffett's exit aligns with Berkshire’s broader fiscal assemblage pullback and increasing currency reserve strategy.
Warren Buffett, the legendary capitalist agelong known for his skepticism toward cryptocurrencies, has afloat exited his presumption successful 1 of Latin America’s astir crypto-friendly banks, Nubank, earlier his departure from Berkshire Hathaway.
Berkshire earns $250 cardinal from crypto investments
A May 15 filing with the US Securities and Exchange Commission (SEC) confirmed that Berkshire has wholly liquidated its positions successful Nubank’s genitor firm, Nu Holdings, ending its involvement successful the integer slope altogether.
Berkshire began divesting its 40.2 cardinal Nubank shares successful 2024, selling astir 20.7 cardinal successful the 3rd 4th astatine an mean terms of $13.46 per share, according to information assets Stock Circle.
Berkshire Hathaway's Nu Holdings Ltd involvement vs. NU price. Source: Stock CircleIn the 4th quarter, it sold an further 46.3 cardinal shares astatine an mean terms of $13.22. The last tranche of 40.2 cardinal shares was sold successful the archetypal 4th of 2025 astatine an mean terms of $11.83.
These transactions culminated successful a full summation of astir $250 cardinal from the archetypal investment.
NU doing good without Buffett
Buffett’s divestment from Nu Holdings further follows the latter’s awesome net successful caller quarters.
In Q1 2025, the steadfast reported a nett income of $557.2 million, marking a 47% summation compared to the aforesaid 4th successful the erstwhile year. Adjusted nett income reached $606.5 million, reflecting a 37% year-over-year growth.
In 2024, Nu Holdings achieved an yearly nett income of $1.972 billion, representing a 91% summation from 2023, indicating that Berkshire’s determination to liquidate NU shares wholly was not astir its performance.
NU play show chart. Source: TradingViewBuffett’s exit aligns alternatively with Berkshire’s broader retreat from the fiscal sector. In Q1 2025, it besides sold disconnected Citigroup and chopped its Bank of America stake, unloading implicit $2.1 cardinal successful shares.
These moves pushed Berkshire’s currency reserves to a grounds $347.8 billion, with $305.5 cardinal successful short-term US Treasurys.
Nubank has been among the astir progressive integer banks embracing crypto services successful Brazil, offering trading successful Bitcoin (BTC), Ether (ETH), XRP (XRP), and different apical cryptocurrencies straight done its app.
Related: Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offerings
In 2022, the neobank allocated 1% of its nett assets to BTC, furthering Buffett’s indirect vulnerability to Bitcoin contempt his disapproval toward the cryptocurrency, which helium erstwhile called a “rat poison squared.”
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