Buffett’s Indirect Crypto Engagement Through Nu Holdings

Key Takeaways:
  • Buffett’s Nu Holdings stake reflects a softened view on crypto.
  • Nu Holdings achieved 93% profit boost since January 2023.
  • Berkshire’s stock rose 16% by March 2025.


Warren Buffett’s Strategic Shift Towards Crypto

Warren Buffett’s investment vehicle, Berkshire Hathaway, has captured indirect exposure to cryptocurrencies through Brazilian firm Nu Holdings, marking a shift from Buffett’s long-held skepticism. The move has yielded top performance across his financial portfolio in 2025.

Buffett’s engagement with Nu Holdings signifies a cautious venture into the crypto sector, fostering significant attention in financial markets. This indirect involvement is poised for future growth, challenging past criticisms.

Berkshire Hathaway’s Strategic Move

Berkshire Hathaway invested initially $500 million in Nu Holdings in 2021, followed by an additional $250 million, marking an unprecedented approach for the investing giant. It signifies a potential modification in Buffett’s renowned anti-crypto stance.

Nu Holdings operates Nubank Cripto, launched in 2022, providing notable profits and strategic influence for Berkshire Hathaway. Buffeted by past condemnation, this move has placed Buffett’s views under scrutiny among industry observers.

Buffett stated in 2018 that he called Bitcoin “rat poison squared”, reflecting his strong historical skepticism about cryptocurrencies.

Nu Holdings’ Performance

Nu Holdings excelled in profits, driving its status to the best-performing asset in Buffett’s portfolio by 2023. Nu Holdings’ expanding customer base and growing revenue have strengthened Buffett’s investment influence.

Berkshire’s shares increased by 16% as of March 2025, evidenced by its overperformance compared to a declining S&P 500. Paul Lountzis emphasized Berkshire’s unwavering investment principles amid cryptocurrency agility, suggesting Buffett’s adaptation to the market’s transformative energies might signal further investment strategies in related arenas.

Market Adaptation and Future Prospects

While previous opinions portrayed cryptocurrencies as lacking inherent value, Berkshire’s strategy reflects potential transformation. Analysts reflect on Buffett’s historical skepticism, implying that market adaptation may be forthcoming.

“In an uncertain world, investors place a higher value on the certainty that Berkshire offers,” said Darren Pollock.

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