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Business
Anushka Dutta

Warren Buffett Owns Shares of Nu Holdings, Should You?

NU Buffett Nu Holdings Warren Buffett Bitcoin Brazil fintech Nu Holdings Ltd

Financial technology company Nu Holdings Ltd. (NU) operates as a digital financial service platform primarily in Brazil, Mexico, and Colombia. The company’s offerings include Nu credit and debit cards, Ultraviolet credit and debit cards, and mobile payment solutions for its NuAccount customers. It is headquartered in Sao Paulo, Brazil.

As of December 31, 2021, Warren Buffett’s holding company Berkshire Hathaway Inc. (BRK.A, BRK.B) has a 2.3% stake in NU, and its shares consist of 0.1% of the holding company’s portfolio. NU is set to allocate 1% of its equity in Bitcoin. Additionally, Bitcoin critic Buffett’s BRK.A made a $1 billion investment in Brazilian fintech.

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