Buffett’s involuntary crypto bet has already earned his firm, Berkshire Hathaway, $95 million.
The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner of the crypto-friendly Nubank, via his firm, Berkshire Hathaway, in two separate rounds in 2021.
Berkshire invested $500 million in Nu Holdings in June 2021 and raised its stake by another $250 million in December 2021. The firm has not sold a single share since,Nu’s share price is currently up nearly 106% year-to-date , meaning Buffett’s $750 million position is now worth around $879.50 million, assuming Berkshire has still not sold any of its Nu shares.
That includes Easynvest, a trading platform that offers a Bitcoin exchange-traded fund product, and Nubank, a digital financial services platform that offers BTC and Ether ( “This move reinforces the company’s conviction in Bitcoin’s current and future potential in disrupting financial services in the region,” Nubank stated at the time.Underperforming Nu stocks are Buffett’s other top holdings, Amazon and Apple, which have gained 54.65% and 36%, respectively. Apple is by far the biggest holding of Berkshire Hathaway, comprising roughly 45% of its $354 billion investment portfolio as of September 2023.Nu vs. Amazon, Apple and Berkshire Hathaway YTD performance chart.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Coming Massive Crypto Bull Cycle Will Have Global Impact: Major AnalystProminent crypto analyst has addressed crypto community with important message
Lire la suite »
TradFi goes crypto: Finance giant brings decades of experience to new crypto exchangeMultiBank Group’s regulated crypto exchange, MultiBank.io, offers top-tier security and swift trade execution for major cryptocurrencies with free fiat deposits
Lire la suite »
Apple’s ‘Scary Fast’ Mac event: all the news from Apple’s online keynoteApple is revealing new Mac products during its “Scary Fast” livestream event happening on October 30th, 2023. Here’s all the news about a new iMac and M3 processor.
Lire la suite »
Apple’s ‘Scary Fast’ Mac event: all the news from Apple’s online keynoteApple is revealing new Mac products during its “Scary Fast” livestream event happening on October 30th, 2023. Here’s all the news about a new iMac and M3 processor.
Lire la suite »
How the World Series is expected to boost Arizona's economyJamie Warren is a reporter for ABC15, proudly telling stories in her hometown.
Lire la suite »
Taylor Swift Sends Diane Warren Flowers for ‘Say Don’t Go’Taylor Swift sent songwriter Diane Warren flowers for their collaboration on ‘Say Don’t Go’
Lire la suite »