CoinVoice has learned that, according to Cointelegraph, Warren Buffett's Berkshire Hathaway has completely divested all shares of Nu Holdings, the parent company of Latin America's crypto-friendly bank Nubank, making a profit of approximately $250 million from this investment.
This exit is not due to Nubank's poor performance; the company reported a net income of $557.2 million in the first quarter of 2025, a year-on-year increase of 47%, and a 91% growth in net income for the entire year of 2024. This move is actually part of Berkshire's broader strategy of divesting from its financial sector, having also sold shares of Citigroup and reduced its holdings in Bank of America, totaling over $2.1 billion in financial stocks, pushing its cash reserves to a record high of $347.8 billion. [Original link]