Warren Buffett once again made a surprise in the stock world when his company, Berkshire Hathaway bought NuBank shares worth $ 1 billion (~ RM4.2 billion)!
For the record, NuBank is a digital bank that focuses on cryptocurrencies and is the largest digital bank in Latin America.
Through NuInvest, its clients can invest in exchange traded funds that rely on crypto assets. One of them, the Bitcoin ETF.
What an ironic step this company has taken because its founders once claimed that crypto assets were ‘rat poison’ that ‘had no value’!
Not enough of that, his partner, Charlie Munger once expressed his regret over the existence of cryptocurrencies and hoped his family members would not get involved with cryptocurrency trading.
Fuhh! These two millionaires are right against crypto!
More interestingly, records on Feb. 14 show Berkshire Hathaway has already sold $ 1.8 billion worth of Visa shares and Mastercard shares, $ 1.3 billion.
This is also actually not the first time Berkshire Hathaway has made an investment in NuBank. On June 9, the company had already bought NuBank shares worth $ 500 million!
Eventually, this millionaire had to swallow all his negative words against crypto.
