Years after calling Bitcoin ‘rat poison’, Berkshire Hathaway Invests $1B in Brazilian Digital Bank Nubank, Reduces Mastercard, Visa Positions

• Berkshire Hathaway bought $1 billion in shares of Brazilian digital bank Nubank in the fourth quarter of 2021, according to a 13F filing with the Securities and Exchange Commission.
• In December, when Nubank went public, Berkshire Hathaway reportedly acquired 30 million shares for a total of $250 million.
• In the fourth quarter of 2021, Berkshire also sold 1.27 million shares of Visa and 302,000 shares of Mastercard.

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Source :- https://nextbigwhat.com Author :- NextBigWhat Date :-February 17, 2022 at 09:13AM