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

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