Berkshire Hathaway, led by Buffett, has completely sold its Nubank shares, making a profit of $250 million

ChainCatcher news, according to Cointelegraph, Warren Buffett's Berkshire Hathaway has completely exited its stake in Nu Holdings, the parent company of Latin America's crypto-friendly bank Nubank, realizing a profit of approximately $250 million from this investment.

This exit is not due to poor performance by Nubank, as the company reported a net income of $557.2 million in the first quarter of 2025, a 47% year-over-year increase, with a 91% growth in net income for the entire year of 2024. This move is actually part of Berkshire's broader strategy to divest from its financial sector, having also sold shares of Citigroup and reduced its holdings in Bank of America, totaling over $2.1 billion in financial stock sales, pushing cash reserves to a record $347.8 billion.