Buffett's Berkshire Hathaway has invested millions of dollars in Brazilian bank Nu Holdings, which is related to cryptocurrency

According to Fortune magazine, Berkshire Hathaway CEO and Chairman Warren Buffett has repeatedly expressed his stance on cryptocurrency and has never concealed his disgust towards it. However, recent actions suggest that Berkshire Hathaway and other investment managers may be gradually adopting cryptocurrency. It is reported that Berkshire Hathaway has invested millions of dollars in Nu Holdings Ltd., a Brazilian bank related to cryptocurrency, whose stock has risen 34% year-on-year. The company has its own cryptocurrency platform and supports the cryptocurrency market. According to documents from the US Securities and Exchange Commission (SEC), Berkshire Hathaway's holdings of Nu shares increased from 0.1% in the fourth quarter ending December 31, 2022, to 0.4% in the third quarter of fiscal year 2024. This means that as of the end of the third quarter of fiscal year 2025, Berkshire Hathaway holds over 86 million shares of Nu shares worth nearly $1.2 billion, and Buffett and Berkshire Hathaway are benefiting from an industry enterprise that he previously claimed to be unfamiliar with. Now Berkshire Hathaway seems to be making investments related to cryptocurrency, and Buffett may need to revise his previous statement that cryptocurrency will not have a significant impact.