Berkshire Hathaway is investing $1 billion in Brazilian neobank nubank – Bits Media

The company of American investor Warren Buffete Berkshire Hathaway has withdrawn part of its funds, invested in Visa and Mastercard, and increased the share in the largest neoban of Brazil Nubank.

According to the application, submitted to the US Securities and Exchange Commission (SEC) 14 february, company UORRENA BAFFETA (Warren Buffett) I sold my shares Visa and MasterCard for the total amount $3.1 billion and in the IV quarter 2021 years acquired Nubank class A for the amount $1 billion.

Remarkably, what else in 2020 Buffete openly declared, that digital currencies do nothing and "their value is zero". Besides, The entrepreneur said, that he never had and will not have cryptocurrencies. Seems to be, The businessman revised his position.

Experts suggest, that in this way the investor is trying to indirectly support the cryptocurrency industry, without refusing at the same time from what was previously said. Note, that this is the second investment of Berkshire Hathaway in Nubank - in July last year, the company invested in the Brazilian bank $500 million.

At the end of last year, the founder of Binance Chanpen Zhao (Changpeng Zhao) He shared his opinion, that Warren Buffete does not have enough knowledge about the cryptocurrency industry and blockchain.