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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Berkshire Hathaway Dumps Banking Stocks in Q1, Sells All Shares of Crypto-Linked Nu Holdings, Citigroup

Warren Buffett Berkshire Hathaway Citigroup Nu Holdings Berkshire Citi Crypto Bank of America Bitcoin BofA
Warren Buffett made billions of dollars in the latest tariff-induced market crash. (Credit: gatesfoundation.org)

Billionaire investor Warren Buffett's Berkshire Hathaway heavily sold banking shares in Q1, according to a 13f filing with the US Securities and Exchange Commission.

The Oracle of Omaha sold all shares of Brazilian bank Nu Holdings, which has its own crypto platform. He disposed of 40.18 million shares of the bank during the quarter that ended 31st March, valued at £396 million ($527 million), based on the closing price of £9.87 ($13.13) on 15th May.

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