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Is Warren Buffett Changing His Stance On Crypto? Berkshire Hathaway Invests Millions In Crypto Bank

Through Berkshire Hathaway, Buffett holds over 86 million shares in the Brazilian crypto bank, valued at $1.179 billion.

By Akriti Seth

Last Updated: Jan 23, 2025

Fact checked

By Sam Cooling

Warren Buffett

On 22 January 2025, Nebraska- headquartered Berkshire Hathaway took its first step in the crypto space and invested heavily in Brazilian crypto-linked bank. 

Berkshire Hathaway reportedly put in millions in Nu Holdings Ltd, whose shares went up 27% year on year, according to a Fortune report.

Berkshire Hathaway CEO and chairman Warren Buffett holds over 86 million shares in the company, as of the third quarter of 2024. These are valued at $1.179 billion, according to Benzinga.

However, in the past, Berkshire Hathaway CEO and chairman Warren Buffett has called Bitcoin  “probably rat poison squared.” In fact, for the longest time, the legendary investor has been one of the most vocal critics of cryptocurrencies.

Explore: Warren Buffett: Why You Should Never Invest In Bitcoin (BTC Manipulation Theory)

Berkshire Hathaway Reassess Its Position

Back in 2018, in a CNBC interview Buffett said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending. We don’t own any, we’re not short any, we’ll never have a position in them.”

While details remain limited, the Berkshire Hathaway has reportedly invested in blockchain infrastructure companies and explored partnerships with firms specializing in digital asset custody and security. 

Does this shift suggest that Buffett and his team may now view blockchain technology—and by extension, cryptocurrencies—as an unavoidable part of the financial landscape?

Buffett’s Berkshire Hathaway initially invested $500 million in Nubank in 2021 ahead of its IPO.

EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025

Meanwhile, Nubank is considering moving its domicile to the UK and expanding to the US soon. According to a 20 January 2025 Reuters report, Nubank founder and CEO David Velez said, “We are actively thinking what are some of the jurisdictions that make sense for us to consider, as we think about the next 10 years of global expansion.”

Furthermore, Velez is counting on Donald Trump’s administration and its friendly approach towards digital assets, to expand in the US.

Last year, Nubank launched cryptocurrency swap tool in its app.

“Nubank customers who hold cryptocurrencies will be able to trade Bitcoin (BTC), Ethereum (ETH), Solana (SOL), or Uniswap (UNI) for digital dollars USDC and vice versa,” the announcement said. “The new feature, integrated with Nubank Cripto, simplifies currency transactions through direct exchange.”

EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Key Takeaways

  • Warren Buffett’s Berkshire Hathaway stepping into the crypto world marks a watershed moment for both traditional finance and digital assets.
  • For cryptocurrency enthusiasts and investors alike, Buffett’s pivot offers validation,

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Akriti Seth
Akriti Seth
Editor

Akriti Seth is a Zurich-based Business Journalist and Crypto Editor. Her passion for journalism has taken her across the globe – from thriving as an on-television correspondent to writing engaging articles, she has worked for companies like Informa UK, Bloomberg... Read More

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