Years after calling Bitcoin ‘rat poison’, Warren Buffett Invests $1B in Brazilian Digital Bank Nubank, Reduces Mastercard, Visa Positions

  • Berkshire Hathaway bought $1 billion in shares of Brazilian digital bank Nubank in the fourth quarter of 2021, according to a 13F filing with the Securities and Exchange Commission.
  • In December, when Nubank went public, Berkshire Hathaway reportedly acquired 30 million shares for a total of $250 million.
  • In the fourth quarter of 2021, Berkshire also sold 1.27 million shares of Visa and 302,000 shares of Mastercard.