Berkshire Hathaway, led by renowned investor Warren Buffett, will stake $ 1 billion in shares in the Brazilian digital bank Nubank in the fourth quarter of 2021 (October-December). it. It was revealed in the documents submitted to the US Securities and Exchange Commission (SEC).
Meanwhile, Berkshire has sold 1.27 million shares of VISA and 302,000 shares of Mastercard.
Berkshire Hathaway invested $ 500 million in Nubank in June 2021. Nubank was listed on the New York Stock Exchange in December 2021, when Berkshire Hathaway was reported to have acquired 30 million shares for $ 250 million. At the time of listing, Nubank's valuation reached $ 41.5 billion.
Nubank does not trade crypto assets, but according to its website, the investment platform NuInvest allows you to invest in crypto asset exchange-traded funds (ETFs).
In 2018, Warren Buffett called Bitcoin a "rodenticide square" and has shown a negative attitude towards crypto assets.