
On January 22, 2025, Nebraska-headquartered Berkshire Hathaway made its first foray into the cryptocurrency market by investing significantly in a Brazilian crypto-linked bank.
Berkshire Hathaway reportedly invested millions in Nu Holdings Ltd, whose shares surged 27% year on year, according to a report from Fortune.
Warren Buffett, the CEO and chairman of Berkshire Hathaway, holds over 86 million shares in the company, valued at $1.179 billion as of the third quarter of 2024, based on information from Benzinga.
In the past, Buffett has harshly criticized Bitcoin, calling it ‘probably rat poison squared.’ However, in recent developments, Berkshire Hathaway has invested in blockchain infrastructure companies and is exploring collaborations with firms specializing in digital asset custody and security.
Berkshire Hathaway Reassesses Its Position
Berkshire Hathaway Doubles Down on Nubank
Buffett’s firm increased its stake in Nubank, a Brazilian digital bank with crypto ties, from 0.1% in 2022 to 0.4% in 2023, now valued at $1.2 billion.
Nubank, which launched its crypto platform back in 2022, is also contemplating relocating its headquarters to the UK and plans to expand into the US. According to a Reuters report from January 20, 2025, Nubank founder David Velez stated, ‘We are actively considering what jurisdictions will be strategic as we project our expansion over the next decade.’
Last year, Nubank introduced a cryptocurrency swap tool in its app, allowing users to trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and more for stablecoins directly.
Berkshire Hathaway Investment