According to the latest 13F filing with the US Securities and Exchange Commission (SEC), Warren Buffett trimmed Berkshire Hathaway’s stake in Nu Holdings by 46.26 million shares in the quarter ended 31st December 2024.
As of now, the Oracle of Omaha owns 40.18 million shares of the Brazilian crypto bank, worth £329.73 million. Nu Holdings, Nubank’s parent company, launched a crypto platform called Nubank Cripto in 2022. This platform allows users to trade and convert top digital assets like Bitcoin, Ethereum, and Polygon.
In a 2021 Series G funding round, Berkshire Hathaway invested £396 million in Nu Holdings, which was followed by an additional £198 million capital injection in the bank.
Nu Holdings’ stock price has jumped over 31% in the past year, which could be attributed to the record cryptocurrency rally led by Bitcoin. Buffett’s latest crypto trade was in the same quarter when Nu Holding stock prices reached a record high of £12.07 in early November. During that time, Bitcoin prices were violently climbing towards their all-time high in mid-December.
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