- Buffett exits crypto-friendly Nubank amid industry skepticism.
- Nubank divestment part of broader $2.1B finance withdrawal.
- Reflects Buffettโs longstanding aversion to cryptocurrencies.
Lede: Warren Buffettโs Berkshire Hathaway sold its entire stake in Brazilian crypto-friendly financial firm Nubank, gaining a $250 million profit by the end of March 2025. This is part of a broader retreat from the financial sector.
Nut Graph: Buffettโs move to sell Nubank shares signifies skepticism toward cryptocurrency-related ventures, amid its strong financial performance. The divestment aligns with Buffettโs cautious stance, impacting market sentiment in cryptocurrencies.
Berkshire Hathawayโs Complete Withdrawal
Berkshire Hathaway completely withdrew from Nubank, a bank known for its cryptocurrency platform operations. Warren Buffett divested 40.18 million shares, gaining $250 million in profit. The exit happened despite Nubankโs profit records in 2024 and early 2025.
โDespite Nubank setting new profit records in both 2024 and Q1 2025, Buffett has decided to exit the position entirely.โ โ Warren Buffett
Buffettโs complete divestment indicates his ongoing skepticism toward cryptocurrencies. Berkshireโs $2.1 billion cash reserve build-up includes exiting Citigroup over the same period, reinforcing Buffettโs conservative investment approach amidst volatile market conditions.
Nubankโs exit is discussed in various evaluations of Warren Buffett.
Market Impact
The sale impacts the market as Nubank is evaluated post-Buffett exit. Market analysts regard this action as cautionary, reflecting traditional investment strategiesโ divergence from crypto-related adaptability amidst industry adoption and tech developments.
- Warren Buffett has maintained his negative stance on cryptocurrencies and has predicted a โbad endingโ for digital tokens. Read more here
Buffettโs decision may influence regulatory stances toward banks handling cryptocurrencies. Berkshireโs cautious approach emphasizes safer investments in tangible assets, reinforcing financial discipline against speculative risks in the ongoing expansion of digital finance.
The news serves as a reminder of Buffettโs skeptical view, previously describing Bitcoin as โrat poison squared.โ
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