Berkshire Hathaway invests $500M in Brazilian digital bank
Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway's investment may indicate the firm is more open to the idea. Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett.In an announcement from Nubank on Tuesday, the digital bank said the $500 million investment would be used to continue its international expansion — the company recently launched in Colombia — as well as attract new executives from major tech companies. Nubank reported it has more....
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Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank Warren Buffett’s Berkshire Hathaway Inc. has invested $500 million in the parent company of Nubank, a Brazil-based bitcoin-friendly digital bank, the South American company announced Tuesday. This is part of the bank’s Series G....
Nubank, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway, is reportedly planning an initial public offering (IPO) on Nasdaq. Nubank is crypto-friendly and offers investments in a bitcoin exchange-traded fund (ETF). The bank said, “The cryptocurrency ETF can be a way to further democratize access to the crypto market.” Digital Bank Backed by Warren Buffett’s Berkshire Hathaway Reportedly Plans to IPO on Nasdaq Nu Pagamentos SA, also known as Nubank, is planning an initial public offering (IPO) of more than $2 billion on the Nasdaq stock exchange....
When analyzing Berkshire Hathaway, much of the company’s success stems from philosophical and structural reasons that are exactly shared by Bitcoin.
Warren Buffett, who once said cryptocurrency is nothing more than a “rat poison,” now invests $1 billion in a digital bank, Nubank, located in Brazil. In particular, Buffet’s company Berkshire Hathaway purchased 1 billion worth of shares of a blockchain-based bank, also known as neobank. Nubank is the largest bank of its kind in Latin […]
The virtual currency market has another reason to rejoice. Barry Silbert's Digital Currency Group (DCG) has successfully raised money from at least 11 firms with fresh funding from companies like Bain Capital Ventures and MasterCard. As per Bloomberg, the other investors are Canadian Imperial Bank of Commerce and New York Life Insurance. Further, a CNBC report stated that other investors are the FirstMark Capital, Oak HC/FT, Novel TMT, RRE Ventures, Transamerica Ventures, and Solon Mack Capital. Silbert made an announcement on this development at the Money 20/20 financial technology....