$ETH Warren Buffett's Berkshire Hathaway has completely divested its shares in Nu Holdings, the parent company of Latin America's crypto-friendly bank Nubank, profiting approximately $250 million from this investment. Notably, this exit is not due to poor performance by Nubank—the company's net income for the first quarter of 2025 reached $557.2 million, a year-on-year increase of 47%, with a 91% increase in net income for the entire year of 2024. This move is actually part of Berkshire's broader strategy to withdraw from its financial sector, during which it also sold shares of Citigroup and reduced its holdings in Bank of America, totaling over $2.1 billion in financial stock sales, pushing cash reserves to a record $347.8 billion.

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