Berkshire Hathaway, led by Buffett, is gradually embracing cryptocurrency

Golden Finance
2025.01.24 22:49

[Berkshire Hathaway, led by Buffett, is gradually embracing cryptocurrency] According to Jinse Finance, although Berkshire Hathaway CEO and Chairman Warren Buffett has repeatedly stated his stance on cryptocurrency and has never concealed his disdain for it, recent actions indicate that Berkshire Hathaway and some other investment managers may be gradually accepting cryptocurrency. It is reported that Berkshire Hathaway has invested millions of dollars in Nu Holdings Ltd., a Brazilian bank related to cryptocurrency, whose stock has risen 34% year-on-year. The bank has its own cryptocurrency platform and supports the cryptocurrency market. According to documents from the U.S. Securities and Exchange Commission (SEC), the proportion of Nu stock held by Berkshire Hathaway increased from 0.1% at the end of the fourth quarter on December 31, 2022, to 0.4% in the third quarter of fiscal year 2024. This means that as of the end of the third quarter of fiscal year 2025, Berkshire Hathaway holds over 86 million shares of Nu stock, worth nearly $1.2 billion. Buffett and Berkshire Hathaway are benefiting from an industry they previously claimed to understand little about, and Buffett may need to revise his earlier statements that cryptocurrency would not have a significant impact

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