Warren Buffett, renowned for his skepticism towards cryptocurrencies, has fully sold his shares in Nubank, earning a profit of $250 million.
Profit from Nubank Shares Sale
According to a filing with the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway has completely liquidated its positions in Nubank's parent firm, Nu Holdings. The sales, initiated in 2024, resulted in a total profit of approximately $250 million.
Nu Holdings' Company Performance
Despite Buffett's divestment, Nu Holdings has reported impressive earnings, with a net income of $557.2 million in Q1 2025 and an annual figure of $1.972 billion for 2024, reflecting significant growth.
Berkshire Hathaway's Strategy
Buffett's exit aligns with Berkshire Hathaway's broader strategy to reduce its positions in the financial sector while increasing cash reserves, which now stand at a record $347.8 billion.
Ultimately, Warren Buffett's complete exit from Nubank highlights his strategic approach to investments, irrespective of the company's strong financial performance.
