Despite his well-known disdain for cryptocurrencies, the ‘Oracle Of Omaha’ – Warren Buffett‘s Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) has invested in a company that supports the cryptocurrency market and has soared by 27.43% in 2024.
What Happened: Buffett’s Berkshire had initially invested $500 million in a Series G funding round and subsequently another $250 million in Nu Holdings Ltd (NYSE:NU).
Nu, a Brazilian digital banking company launched its cryptocurrency platform, Nubank Cripto, in 2022. Berkshire has since added 0.3% of this company’s shares in 18 months as of the quarter ended Sept. 30, 2024.
Berkshire increased its holdings from 0.1% in the fourth quarter that ended Dec. 31, 2022, to 0.4% in the third quarter of fiscal 2025.
Initially supporting Bitcoin (CRYPTO:
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