Nubank’s revenues have seen a significant increase, skyrocketing from $245 million in Q1 2021 to almost $3 billion by the end of 2024, as per Statista. With the addition of these four coins, Nubank Cripto’s total coin offerings rise to 20. As of now, the platform permits its 100 million Brazilian clients to purchase, sell, and trade Bitcoin (BTC), Ether (ETH), Solana (SOL), USDC (USDC), and XRP (XRP).

Berkshire Hathaway, led by Warren Buffett, has made several investments in Nubank. A notable investment was the $500 million in Nubank’s Series G funding round in 2021, followed up by an additional $1 billion. Between 2022 and 2024, Berkshire Hathaway elevated its stake in Nubank from 0.1% to 0.4%.

Nubank initiated its journey into the world of cryptocurrencies in 2022, dedicating 1% of net assets to BTC and introducing crypto services. Later in October 2022, it unveiled plans to launch its loyalty tokens on the Polygon blockchain, a service which was discontinued in 2024.

As the largest economy in Latin America, Brazil’s crypto market has seen tremendous growth, with stablecoins making up 90% of total crypto transactions. In 2024, Brazil led Latin America’s crypto trading volume with $6 billion traded. As of 2025, Binance became the first crypto exchange to receive a broker-dealer license to operate in Brazil, and UK fintech Revolut has also made its entry into the market. Currently, Brazilian lawmakers are deliberating the legalization of salary payments in Bitcoin.

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Investment of $1 Billion in Bitcoin

Berkshire Hathaway, Buffett’s company had made the crypto investment public through the SEC filing. This filing has revealed that the company of Buffett has purchased about $1 billion in the shares of digital bank which is Brazil based named as Nubank, that is the biggest of their kind.

Nubank, that even known as neobank, is mainly a kind of bank which helps to operates outside from rules of traditional banking system. However, ‘crypto friendly’ and the investment unit of digital bank, NuInvest, permits the users to simply put money in the Bitcoin ETF or exchange-traded fund.

Astonishingly, the investment by in Bitcoin by Buffett’s company is not complete for first time. They have also dabbled in the market. Previous year, Berkshire already had bought the stake of $500 million in Bitcoin in Nubank, months prior to company when it became public in the month of December 2021.

Nubank also announced that Berkshire investment in Bitcoin had been biggest single investment for fintech bank which had received. On the other hand, Berkshire was also upping the investments in crypto sphere in the year 2021. The company even dropped other, traditional monetary assets. During latest SEC filing which has showed that $1 billion of the investment in Nubank. Where Berkshire even revealed that this had dropped for more than $3 billion in the shares for Mastercard and Visa.

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