WARREN BUFFET SOLD HIS STAKE IN THE CRYPTO BANK NUBANK AND OBTAINED PROFITS OF USD 250M

Berkshire Hathaway, the conglomerate of Warren Buffett, sold its stake in the Brazilian digital bank Nubank, specialized in cryptocurrencies, obtaining an estimated profit of 250 million dollars. The initial investment was made in 2021, before Nubank's IPO.

Although the exact reasons for the sale have not been disclosed, it could be a profit-taking move or reflect caution about the cryptocurrency market, given that Nubank offers buying and selling services for digital assets.

Despite Buffett's exit, Nubank continues its expansion in Latin America. The sale, although significant due to the investor involved, represented a successful financial operation for Berkshire Hathaway, allowing Nubank to continue its path in the dynamic fintech sector.