Berkshire Hathaway, the holding company of American investor Warren Buffett, recently increased its stake in the Brazilian neobank Nubank, famous among bitcoin investors.
According to the F13 form released on Monday, Berkshire Hathaway bought Class A Nu Holdings shares worth $1 billion in the fourth quarter of last year.
At the same time, Buffett's holding company sold shares in the Visa and Mastercard funds transfer companies, valued at $1.8 billion and $1.3 billion, respectively.
The recent acquisition of Nubank shares could mean a change in the strategy of the famous investor, known for his cautious attitude towards digital assets and in particular towards bitcoin, which he has called "rat poison squared".
The portal underlines that the change in position could be due to the increasing digitization of financial services. Previously, in July 2021, Berkshire Hathaway had already invested $500 million in the Brazilian bank.
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