Warren Buffett's Berkshire Hathaway has made $250 million from completely divesting from Nubank, a crypto-friendly bank in Latin America. Despite Nubank's strong financial performance in 2024 and Q1 2025, Berkshire decided to sell off its 40.2 million shares in the digital bank. This move is in line with Berkshire's overall strategy of reducing exposure to the financial sector and increasing cash reserves. Nubank, known for its crypto services in Brazil, saw impressive earnings growth, with a net income of $557.2 million in Q1 2025. Berkshire's decision to sell off its Nubank shares was not based on performance, as Nu Holdings reported a 91% increase in annual net income in 2024. This divestment aligns with Berkshire's broader financial sector pullback, which also included selling off shares in Citigroup and reducing its stake in Bank of America. Read more AI-generated news on: https://app.chaingpt.org/news