🔥 Warren Buffett invests $1B in Bitcoin-friendly neobank 🚀
Warren Buffett's Berkshire Hathaway invests in Nubank, the largest fintech bank in Brazil, dumping a portion of its Visa and Mastercard holdings.
The industrial conglomerate has purchased $1 billion worth of Nubank Class A stock in Q4/2021.
On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, signalling a shift away from credit companies to gain exposure in their fintech rivals.
Buffett's "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.