Berkshire Hathaway, led by well-known investor Warren Buffett, made a revenue of roughly $250 million by promoting all its shares in Nu Holdings, the mum or dad firm of Brazil-based digital financial institution Nubank.
Based on a submitting with the U.S. Securities and Alternate Fee (SEC) on Could 15, the corporate has fully terminated its place in Nubank.
Based on the SEC submitting, Berkshire bought 20.7 million shares within the third quarter at a mean worth of $13.46, beginning with 40.2 million shares in 2024. One other 46.3 million shares have been bought within the fourth quarter at a mean worth of $13.22. The remaining 40.2 million shares have been bought within the first quarter of 2025 at a mean worth of $11.83, finishing the transaction. The overall sale generated a internet acquire of roughly $250 million.
These gross sales come regardless of Nubank’s robust monetary efficiency. The corporate reported internet earnings of $557.2 million within the first quarter of 2025, up 47% from the earlier 12 months. Adjusted internet earnings was $606.5 million. Via 2024, Nu Holdings had an annual internet earnings of $1.97 billion, up 91% from the earlier 12 months.
Berkshire not solely bought Nubank, but additionally all of its shares in Citigroup and decreased its holdings in Financial institution of America and Capital One. Citigroup bought 14.6 million shares, whereas Financial institution of America bought 48.7 million shares, lowering its stake within the firm by 7%. Capital One was decreased by 300,000 shares (4%).
Nubank is among the many most lively digital banks in Brazil to embrace crypto companies, providing direct buying and selling of Bitcoin, Ethereum and XRP via its app.
*This isn’t funding recommendation.
