Buffett sells out of crypto-friendly bank Nubank, earning $250 million

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PANews
05-16
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PANews reports on May 16th that according to Cointelegraph, Berkshire Hathaway, owned by Warren Buffett, has completely exited its position in Nu Holdings, the parent company of the Latin American crypto-friendly bank Nubank, with a total profit of $250 million. Despite Nubank achieving record profits in Q1 2024 and 2025, Buffett's move reflects his overall strategy of withdrawing from the financial sector. In the same quarter, Berkshire also sold its Citigroup holdings and significantly reduced its stake in Bank of America, with cash reserves increasing to $347.8 billion. Nubank supports crypto trading of BTC, ETH, XRP, and once allocated 1% of its assets to Bitcoin.

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