#mercado What is happening in the market?

Warren Buffett sold his stake in the crypto bank Nubank and made a profit of USD 250M

The "Oracle of Omaha" also exited Citigroup and reduced Berkshire's stakes in Bank of America, shedding more than USD 2.1 billion in financial securities.

Warren Buffett, the legendary investor long known for his skepticism towards cryptocurrencies, has completely exited his position in one of the most crypto-friendly Latin American banks, Nubank, ahead of his departure from Berkshire Hathaway.

A presentation on May 15 to the U.S. Securities and Exchange Commission (SEC) confirmed that Berkshire has liquidated its positions in Nubank's parent company, Nu Holdings, ending its stake in the digital bank.

Berkshire began liquidating its 40.2 million shares of Nubank in 2024, selling about 20.7 million in the third quarter at an average price of USD 13.46 per share, according to the data resource Stock Circle.