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berkshire hathaway shifts stance on cryptocurrency with nu holdings investment
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.
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