Berkshire Hathaway, led by Buffett, is gradually embracing cryptocurrency
ChainCatcher news, according to Fortune, although Berkshire Hathaway CEO and Chairman Buffett has repeatedly stated his position on cryptocurrencies and has never hidden his disdain for them, 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 Nu Holdings Ltd., a Brazilian bank related to cryptocurrencies, whose stock has risen 34% year-on-year. The bank has its own cryptocurrency platform and supports the cryptocurrency market. According to documents from 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 of 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, Berkshire Hathaway seems to be making investments related to cryptocurrencies, and Buffett may need to revise his earlier statements about cryptocurrencies not having a significant impact.