From Yahoo Finance: 2025-05-16 14:34:00

Billionaire Warren Buffett surprised investors by announcing he will step down as Berkshire Hathaway CEO by the end of 2025. Despite his criticism of crypto, Berkshire Hathaway had stakes in Nubank, a crypto-friendly bank in Latin America. The company divested its holdings in Nubank, gaining approximately $250 million over a year.

Berkshire Hathaway sold over 107 million shares of Nu Holdings in 2021, but has now completely divested from the company. In Q1 2025, they also retreated from other financial holdings, selling millions of shares in Citigroup and Bank of America. Buffett’s stance on Bitcoin remains critical, and the company never directly invested in crypto.

Read more: Warren Buffett’s Berkshire exits billion-dollar bet ahead of retirement