Buffett's $750M Bet on Crypto-Friendly Fintech Nu Pays Off as Bitcoin Soars
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Warren Buffett invested $750M in crypto-friendly fintech Nu Holdings in 2021 through Berkshire Hathaway. The stake is now worth $880M.
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Nu Holdings owns the Brazilian crypto platform Nubank, which offers crypto trading and other services.
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Nu stock price has risen 106% year-to-date, outperforming Apple, Amazon, and Berkshire Hathaway.
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Bitcoin price is also up 106% YTD, catching up to Nu's gains amid "Uptober" and Bitcoin ETF hype.
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Some say Bitcoin's recent decoupling from stocks is driven by ETF hype and it could drop if stocks fall significantly.