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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Warren Buffett Acquires $1B Stake In 'Rat Poison' Bitcoin Friendly Brazilian Bank While Cutting Stakes In Visa, Mastercard

Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett initiated a position in the Brazilian-Bitcoin (CRYPTO: BTC) friendly bank Nu Holdings Ltd (NYSE:NU) while dumping shares of Visa Inc (NYSE:V) and Mastercard Incorporated (NYSE:MA) in the previous quarter.

What Happened: Berkshire said in a filing made with the U.S. Securities and Exchange Commission Monday that it purchased $1 billion worth of Nubank shares in the fourth quarter of 2021. 

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