Nu拥有自己的加密平台Nubank Cripto，该平台最初支持比特币、① The Oracle of Omaha, Warren Buffett's Berkshire Hathaway invested in the Brazilian digital bank Nu Holdings linked to Cryptos and made substantial profits; ② Buffett has always taken a conservative attitude towards the crypto space, once stating that Berkshire would not engage in the Trade of Cryptos; ③ Despite the success of the investment in Nu, Berkshire remained cautious throughout the process, but being “cautious” is the key secret to the success of the Oracle of Omaha.
According to the Financial Association on January 23 (Editor: Ma Lan), stock god Buffett has always maintained a cautious attitude towards Cryptos.$Bitcoin (BTC.CC)$He once referred to it as a potential "upgraded version of rat poison."
However, the rapid appreciation of Bitcoin and other tokens over the past two years may have shattered this stock god's stereotype. According to documents, Berkshire Hathaway has already invested in a digital bank in Brazil linked to Cryptos, $Nu Holdings (NU.US)$ and made a significant profit.
Nu has its own crypto platform, Nubank Cripto, which initially supports Bitcoin.$Ethereum (ETH.CC)$Wait for the tokens. At the end of last year, the platform integrated$Uniswap (UNI.CC)$and$ChainLink (LINK.CC)$, further expanding the business scope, allowing users to send, receive, and convert Cryptos.
According to Nu, Berkshire Hathaway initially invested in 2021 during the G-round financing, at that time the investment amount was 0.5 billion USD, and subsequently added another 0.25 billion USD.
According to documents released by the USA Securities and Exchange Commission, Berkshire Hathaway's Shareholding in Nu increased from 0.1% in the fourth quarter of 2022 to 0.4% in the third quarter of 2024, valued at nearly 1.2 billion USD.
Caution is key.
In 2018, Buffett emphatically stated that he keeps hitting walls even in areas he thought he understood, so he is even less willing to act blindly in unfamiliar territories. He also mentioned that Berkshire Hathaway would not hold any Cryptos and would not short any Cryptos, stating that the company would never hold positions in them.
However, this vow has loosened. As of Wednesday noon, Nu's stock price rose nearly 34% year-on-year, which means that Berkshire has made considerable profits from this company which the investment guru claims not to understand.
Interestingly, by the results, Berkshire Hathaway's investment in Nu is a successful trade, but during the process, Berkshire's decision-making seemed unsure. The third quarter Earnings Reports for 2024 show that Berkshire first reduced its shareholding in Nu during that quarter when Nu's stock price was experiencing severe fluctuations.
To some extent, Berkshire Hathaway's attempts in the Cryptos Industry are very cautious, but this also aligns with Berkshire Hathaway's overall investment strategy.
By the end of 2024, Berkshire Hathaway held over $325 billion in cash and cash equivalents, but most of it is in US Treasury bonds, which means that even when the stock god is winning in the US stock market, he will not invest heavily.Popular stocks。
Meyer Shields, Managing Director of boutique investment bank Keefe, Bruyette & Woods, stated that for decades, Berkshire has achieved success in this boring manner.
Editor/rice
