Buffett's Berkshire Hathaway is gradually embracing cryptocurrencies

Odaily News While Berkshire Hathaway CEO and Chairman Buffett has made his stance on cryptocurrencies clear on several occasions and has never concealed his dislike for them, recent actions suggest that Berkshire Hathaway and some other investment managers may be gradually embracing cryptocurrencies.
Berkshire Hathaway is reported to have invested millions of dollars in Nu Holdings Ltd., a cryptocurrency-related Brazilian bank whose stock has risen 34% year-on-year. The company has its own cryptocurrency platform and supports the cryptocurrency market. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway's holdings of Nu shares rose from 0.1% in the fourth quarter ending December 31, 2022 to 0.4% in the third quarter of fiscal 2024. This means that as of the end of the third quarter of fiscal 2025, Berkshire Hathaway held more than 86 million shares of Nu stock, worth nearly $1.2 billion, and Buffett and Berkshire Hathaway are benefiting from an industry business that he claimed not to know much about in the past. Now that Berkshire Hathaway seems to be making cryptocurrency-related investments, Buffett may need to rewrite his previous statement that cryptocurrencies will not have a significant impact. (Fortune)