CandleFocus

Here's how much Warren Buffett is up on his crypto stock in 2024

Warren Buffett's investment firm, Berkshire Hathaway, has indirect exposure to the crypto sector through its stake in Brazilian fintech company Nu Holdings. Although Buffett has been critical of cryptocurrencies, Nu Holdings has seen its stock rally 44% this year. Berkshire Hathaway has reduced its stake in Nu Holdings by nearly 20%, but Buffett's profits on the remaining shares have increased by nearly $149.4 million, a gain of 17.3%. However, if Berkshire Hathaway had held all its shares, the gains would have been even higher. Nu Holdings has shown strong financial performance, but it faces competition and challenges in the Brazilian market. The company is also eyeing expansion into Mexico.

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