From Cointelegraph. May 16, 2025 08:34:00 AM:

Warren Buffett’s Berkshire Hathaway earned $250 million from exiting Nubank despite the bank’s record profits in 2024 and Q1 2025. The divestment aligns with Berkshire’s financial sector pullback and cash reserve strategy. Berkshire liquidated its Nubank shares in 2024 and Q1 2025, making a total gain of $250 million. Buffett’s exit follows Nubank’s strong financial performance, with a 47% increase in net income in Q1 2025 and a 91% annual increase in 2024. Berkshire also sold off Citigroup and reduced its Bank of America stake, boosting cash reserves to $347.8 billion. Nubank, known for offering crypto services, once allocated 1% of its net assets to Bitcoin despite Buffett’s criticism of the cryptocurrency.

Read more at Cointelegraph: Warren Buffett exits crypto-friendly Nubank holdings with a ~$250M profit