Berkshire Hathaway, led by Buffett, has invested millions of dollars in the Brazil-based bank Nu Holdings, which is related to cryptocurrency
ChainCatcher news, according to Fortune magazine, Berkshire Hathaway CEO and Chairman Buffett has repeatedly made clear his stance on cryptocurrencies and has never hidden his disdain for them. However, recent actions suggest that Berkshire Hathaway and some other investment managers may be gradually embracing cryptocurrencies.It is reported that Berkshire Hathaway has invested millions of dollars in a Brazil-based bank related to cryptocurrencies, Nu Holdings Ltd., whose stock has risen 34% year-on-year. The bank has its own cryptocurrency platform and supports the cryptocurrency market. According to filings with the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway's stake in Nu increased from 0.1% at the end of the fourth quarter on December 31, 2022, to 0.4% in the third quarter of fiscal year 2024. This means that as of the end of the third quarter of fiscal year 2025, Berkshire Hathaway holds over 86 million shares of Nu stock, worth nearly $1.2 billion, while Buffett and Berkshire Hathaway are benefiting from an industry they previously claimed to understand little about. Now, it seems that Berkshire Hathaway is engaging in cryptocurrency-related investments, and Buffett may need to revise his earlier statements about cryptocurrencies not having a significant impact.