Buffett didn't say it! Berkshire Hathaway early invested in the Brazilian encryption-friendly bank Nu Holdings, with a position of 1.2 billion Magnesium

According to Fortune magazine, Warren Buffett, the stock god who has long held a negative view of cryptocurrency, his billion-dollar empire and investment company Berkshire Hathaway, invested in Nu Holdings, a cryptocurrency-friendly bank in Brazil, which is worth up to $1.2 billion. (Synopsis: Buffett looks at the Block chain domain name patent? Increase in stake of nearly 30 million magnesium into VeriSign's largest shareholder) (Background supplement: Buffett's "crazy cash hoarding" indicates a U.S. stock crisis? Analyze Berkshire's 20-year historical data to give you the answer) As a legend in the investment field, Buffett has long sneered at BTC and Cryptocurrency, even if BTC has experienced tens of thousands of times rise in just a few years, but Buffett has publicly and clearly expressed his negative views on Cryptocurrency many times: I'm not a fan of Cryptocurrency, BTC is like a RATS drug. As far as cryptocurrencies are concerned, I'm almost certain that they're going to have a bad ending. Berkshire Hathaway invests in Brazilian digital bank Nu Holdings However, according to Fortune magazine, Buffett's $100 million empire and investment company Berkshire Hathaway invested in Nu Holdings, a cryptocurrency-friendly bank based in Brazil. It is understood that Nu Holdings itself has its own cryptocurrency trading platform, which allows users to invest in digital assets. In its Series G round in 2021, Berkshire Hathaway invested $500 million for the first time, followed by an additional $250 million. According to SEC filings, as of the third quarter of 2024, the proportion of Nu Holdings held by Berkshire Hathaway has increased from 0.1% in Q4 2022 to 0.4%, and with the increase of Nu Holdings Market Cap, the value of these shares in Berkshire Hathaway has reached $1.2 billion. In response, Fortune commented: This means that Buffett and Berkshire Hathaway are benefiting from a business that in the past claims they do not understand and are not optimistic about. Nu Holdings rises 37% in the past year According to Google Finance data, Nu Holdings shares have risen sharply by 37% in the past year, with a current report of $12.34 and a total Market Cap of $58.8 billion. Nu Holdings share price. Source: Google Finance Buffett looks at the Block chain domain name patent? We know that in the U.S. Bull Market, Berkshire Hathaway continued to dump stock last year, to the point of having a large cash reserve. However, according to a filing with the SEC by Berkshire Hathaway late last month, the company spent a total of $28.55 million on December 20, 23 and 24 to buy 143,424 VeriSign shares, increasing its shareholding ratio to 13.7%, becoming the company's largest shareholder. Founded in 1995, Verisign is a leading global provider of critical Internet infrastructure and domain name registry, enabling Internet navigation for many of the world's most identifiable domain names. It is worth noting that Verisign has previously obtained a number of patents granted by the United States Patent and Trademark Office (USPTO) for the application of Block chain technology to domains, and Buffett may also see the development prospects of Block chain technology as another important reason for choosing to invest in VeriSign. Related reports 99% of Buffett's wealth goes to family charitable funds, is it really a public welfare or a superb tax avoidance calculation? Buffett cuts another 100 million shares of Apple, holding a record 10 trillion yuan in cash! Is it difficult for U.S. stocks to escape the fate of a flash crash after the election? Buffett "sold 6 billion magnesium" Bank of America stocks in 2 months! What market signal did he send out when he shouted that he would never sell? 〈Buffett doesn't say anything! Berkshire Hathaway invested in Nu Holdings, a friendly bank in Brazil, with 1.2 billion magnesium" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".