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Warren Buffett, the world-renowned investor, has been attracting the attention of many investors with his stance on the cryptocurrency market, sparking debates within communities. However, Buffett’s position in the crypto-friendly bank he acquired in 2023 continues to make him happy. According to this, Nubank shares are experiencing one of the best rises in recent times.
<h2 id="warren-buffett-s-notable-investment">Warren Buffett’s Notable Investment</h2>
Known as the Oracle of Omaha, Warren Buffett purchased 107 million shares of Nu Holdings, the owner of a Brazil-based fintech company and crypto-friendly Nubank, in two separate rounds through Berkshire Hathaway in 2021.
In June 2021, Berkshire made a $500 million investment in Nu Holdings, and in December 2021, it added $250 million worth of shares to its account. According to the second quarter earnings report of 2023, the company has not sold a single share since then.
The share price of Nu Holdings has currently increased by approximately 106% since the beginning of the year, and assuming Buffett has not sold any of his Nu shares, his $750 million position is now worth approximately $879.5 million. However, during the rise in February 2022, the value of the position reached over $1 billion.
<img decoding="async" class="aligncenter wp-image-272170 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/nu-grafik.png" alt="" width="2710" height="1434">
<h2 id="berkshire-hathaway-s-nubank-wave">Berkshire Hathaway’s Nubank Wave</h2>
Nubank is known as a crypto-friendly bank as it offers crypto-related services to more than 1.35 million users in some departments. Therefore, investing in the bank can be seen as indirectly engaging with the crypto industry.
This includes Easy Invest, a trading platform that offers a <a href="https://en.coin-turk.com/bitcoin-etfs-delayed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded fund (ETF) product, and Nubank, a crypto <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">financial</a> services platform that offers <a href="https://en.coin-turk.com/bitcoin-ethereum-litecoin-the-big-threat-awaiting-them-all/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> and Ethereum trading services. Nubank also launched a loyalty token on the Polygon blockchain network. In addition, in May 2022, Nu Holdings invested 1% of its cash assets in Bitcoin, and company officials made the following statement:
<blockquote>
 “This move reinforces the company’s belief in Bitcoin’s current and future potential to disrupt financial services in the region.”
</blockquote>
Nubank, with over 80 million customers in Brazil, stands out as the largest fintech bank in Latin America. Another interesting fact is that while Buffett’s other major holdings, Amazon, gained 54.65% in value, and Apple gained 36% in value, Nu shares outperformed these companies.
As of September 2023, Apple is Berkshire Hathaway’s largest investment, accounting for approximately 45% of its $354 billion investment portfolio. Nu also outperformed Berkshire Hathaway’s stocks, rising by 9.25% annually.
<img decoding="async" class="aligncenter wp-image-272165 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/amazon-nu-grafik.png" alt="" width="2710" height="1434"> Continue Reading: <a href="https://en.coin-turk.com/warren-buffetts-crypto-friendly-investment-nubank-shares-on-the-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/warren-buffetts-crypto-friendly-investment-nubank-shares-on-the-rise/</a>

Warren Buffett’s Crypto-Friendly Investment: Nubank Shares on the Rise

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