Warren Buffett, Sells entire Nubank stake ahead of retirement

Nubank, the only link between Warren Buffett and the cryptocurrency market (Source: Bitcoin.com)

Warren Buffett, who has maintained a critical stance on cryptocurrencies, reportedly sold all of his shares in the Brazilian digital bank Nubank (Nubank, Nu Holdings) ahead of his retirement from Berkshire Hathaway, according to Cointelegraph.

Berkshire Hathaway began to gradually sell 40.2 million shares of Nubank starting in 2024, and it is estimated that this sale resulted in $250 million in investment profit.

Nubank is a digital bank that supports cryptocurrency trading, and despite Buffett's skeptical views on cryptocurrencies, it was one of the few digital asset-related companies in which Berkshire had invested.

The market interprets Buffett's decision as a concern about the digital asset market and as part of tidying up his investment portfolio before retirement.