Buffett's Berkshire Invests in Crypto Fintech Despite His Anti-Bitcoin Stance

Warren Buffett has called Bitcoin "rat poison" and remains anti-crypto, but Berkshire Hathaway invested $750 million in Brazilian crypto fintech Nu Holdings.

Nu Holdings launched a crypto trading platform called Nucripto in 2022 and its own cryptocurrency Nucoin. Crypto remains a small part of its business.

Berkshire's stake in Nu Holdings was its top performing investment in 2023, with the stock up nearly 100% last year.

Nu Holdings stock is up 50% so far in 2024, showing Buffett's anti-crypto stance doesn't align with all of Berkshire's investments.

With Bitcoin up 70% in 2024, Buffett may reevaluate his stance if he sees the profits other crypto-related businesses are generating.