Over the years, investment magnate Warren Buffett has built a reputation for his skepticism towards cryptocurrencies, particularly Bitcoin (BTC), which he once termed “rat poison.”
Despite Buffett’s stance on cryptocurrencies, his investment firm, Berkshire Hathaway (NYSE: BRK.A), has nonetheless found success in the digital asset sector through its stake in Nu Holdings (NYSE: NU)
Notably, Berkshire Hathaway holds 107 million shares in Nu Holdings, which has seen impressive gains this year. Buffett purchased his stake in the company for almost $750 million in 2021, around its initial public offering (IPO) phase.
Nu Holdings, the parent company of Brazil’s premier digital bank, Nubank, has experienced a 54% rise in its stock value in 2024. It is currently trading at $12.54. This strong stock performance reflects strong returns for Berkshire Hathaway.
NU YTD stock price chart. Source: Google
Warren Buffett’s returns from NU
To put this into perspective, at t
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