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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Warren Buffett Makes Sharp U-Turn as Berkshire Hathaway Discloses £893M Stake in Crypto Bank Stock

Warren Buffett Berkshire Hathaway Berkshire Nu Holdings Crypto Bitcoin Uniswap SEC
Buffett has avoided cryptocurrencies for years. (Credit: gatesfoundation.org)

Billionaire investor Warren Buffett, who previously described Bitcoin (BTC) as "rat poison squared," made a sharp U-turn as Berkshire Hathaway disclosed a massive stake in Brazilian bank Nu Holdings, which has its own crypto platform.

According to a November 2024 13F filing with the US Securities and Exchange Commission, Berkshire Hathaway disclosed holding over 86.43 million shares worth more than £893.52 million ($1.1 billion).

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International Business Times UK
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