Warren Buffett’s Berkshire Hathaway has officially exited its position in Nu Holdings, the parent company of crypto-friendly Nubank, locking in a $250 million profit. Despite Nubank’s strong financial performance and growing crypto services, Buffett’s decision underscores his long-standing skepticism of the digital asset sector.
According to a May 15 filing with the U.S. Securities and Exchange Commission (SEC), Berkshire completed its sell-off of Nubank shares in Q1 2025. The final tranche—40.2 million shares—was sold at an average price of $11.83. This followed significant disposals in 2024, including 20.7 million shares at $13.46 and 46.3 million at $13.22, bringing total gains from the investment to roughly $250 million.
The move marks Buffett’s complete departure from one of his only major investments with crypto exposure. Nubank has actively integrated crypto services in Latin America, including Bitcoin trading $BTC for its customers.
Why Buffett Exited Nubank (Despite Its Success)
Nubank’s recent performance has been impressive. In Q1 2025, the firm posted $557.2 million in net income, up 47% year-over-year. Adjusted net income reached $606.5 million, reflecting a 37% increase. In 2024, Nubank saw a 91% increase in annual net income to $1.97 billion.
Still, Buffett’s move wasn’t about performance. Berkshire Hathaway also liquidated its entire stake in Citigroup, trimmed Bank of America holdings by over $2 billion (7%), and cut Capital One by 4%. Analysts say the legendary investor may be repositioning away from traditional and fintech financials—including those dipping into crypto—toward more defensive or value-based plays.
Where Buffett Is Betting Now
In contrast, Berkshire doubled down on Constellation Brands, boosting its holdings by 113% to 12 million shares, now representing 6.6% ownership. It also added:
240,000 shares of Domino’s Pizza
112,000 shares of Heico (electronics)
More equity in Verisign, Sirius, Pool Corp, and Occidental Petroleum
Apple remains Berkshire’s top holding, with 300 million shares comprising around 25% of its equity portfolio.
Buffett to Step Down as Berkshire CEO
Earlier this month, the 94-year-old billionaire announced he will step down as CEO at the end of 2025, passing the torch to longtime successor Greg Abel. Buffett will remain chairman, holding onto his 14% stake, currently valued at $164 billion. His son, Howard Buffett, is expected to succeed him as chairman upon his passing.
Despite the leadership change and portfolio adjustments, Berkshire shares have gained 12% year-to-date, outperforming broader markets.#BinanceTGEAlayaAI #PEPE_EXPERT