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32 sats \ 0 replies \ @jp305 OP 23 Apr \ parent \ on: Brazil’s largest digital bank Nubank now allows customers to withdraw their BTC bitcoin
In 2021, Buffett’s company, Berkshire Hathaway, purchased 107 million shares of Nu Holdings, the parent company of Nubank, for a total investment of $750 million. Since then, it has not sold a single share. Nu’s share price surged by 106% since the investment, reaching a peak value of over a billion dollars in February 2022. This increase in share price enabled Buffett to make an approximate $250 million in paper profits.