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The news about investing in Nubank comes as a surprise due to Warren Buffett’s known reservations against and aversion to Bitcoin and crypto in general.
American investment mogul and philanthropist Warren Buffett elevates Brazil’s fast-growing financial technology business Nubank to new levels through its largest single investment of $500 million in the company, giving the latter a $30 billion valuation. The firm has invested in Nubank’s parent company, Nu Pagamentos SA. Buffett, whose total net worth is a whopping $109.2B as of today, has acquired more than 60 companies, and continues to be counted amongst the most successful and popular investors of all time. Berkshire’s investment portfolio consists of wholly-owned entities like Duracell, Fruit of the Loom, BNSF, Helzberg Diamonds, etc.
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