Warren Buffett invested $1 billion in a cryptocurrency-friendly bank and sold some shares of Visa and Mastercard

Home / Warren Buffett invested $1 billion in a cryptocurrency-friendly bank and sold some shares of Visa and Mastercard

Warren Buffett’s Berkshire Hathaway dumped some of its Visa and Mastercard assets and increased its stake in Brazil’s largest fintech bank, Nubank.
The company said in a securities filing that it bought $1 billion worth of Nubank stock in the fourth quarter of 2021, but Berkshire Hathaway sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively.
In September 2020, Nubank acquired trading platform Easynvest, which launched an exchange-traded bitcoin fund (ETF) in June 2021. The ETF, under ticker symbol QBTC11, is backed by QR Asset Management and listed on the B3 stock exchange.

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