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Warren Buffett's Berkshire Hathaway has made a significant investment in Brazilian bank Nu Holdings, acquiring over 86.43 million shares valued at £893 million, despite Buffett's previous criticism of cryptocurrencies. This investment follows Berkshire's earlier funding rounds and aligns with Nu's expansion into the crypto space through its platform, Nubank Cripto, which supports major digital assets. Buffett's shift in strategy may reflect a changing perspective on the growing acceptance of blockchain-based assets.
Berkshire Hathaway has increased its stake in Brazilian digital bank Nu Holdings from 0.1% to 0.4%, now owning over 86 million shares valued at approximately $1.2 billion. This move suggests a potential shift in Warren Buffett's historically anti-crypto stance, despite the firm maintaining a conservative investment strategy with over $300 billion in cash reserves. As the crypto market experiences a bull run, institutional interest is likely to grow.
Warren Buffett's Berkshire Hathaway, once a vocal critic of cryptocurrency, has invested significantly in Nu Holdings Ltd., a Brazilian digital banking company with a cryptocurrency platform. The firm increased its stake in Nu from 0.1% to 0.4%, now valued at nearly $1.2 billion, despite Buffett's previous claims of ignorance regarding digital currencies. This shift indicates a potential change in Berkshire's investment strategy, although the company remains conservative overall, holding over $325 billion in cash and equivalents as of late 2024.
Warren Buffett's Berkshire Hathaway has made significant adjustments to its stock portfolio, reducing its Apple stake by 25% and continuing to sell Bank of America shares in Q4 2024. The top holdings now include Bank of America, Coca-Cola, and Kraft Heinz, with Apple remaining a key asset by market value. Buffett's investment strategy emphasizes long-term holdings, with a focus on quality stocks, despite recent turnover in various sectors.
Nu Holdings Ltd. provides digital banking services across Brazil, Mexico, and Colombia, with a current stock rating of "Moderate Buy" and an average target price of $16.21. Institutional investors hold 80.90% of the company's shares, with significant increases in positions from Zurcher Kantonalbank and Baillie Gifford. Recent analyst ratings show a mix of upgrades and downgrades, reflecting varied market sentiment.
Nu Holdings Ltd.
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