Warren Buffett’s Berkshire Hathaway earned 250 million USD from selling its holdings in Nubank. Although Nubank recently reported record profits for 2024 and Q1 2025, this move fits into Berkshire’s strategy to boost its cash reserves.
Berkshire Hathaway also divested significant stakes in Citigroup and reduced its holdings in Bank of America, totaling over 2.1 billion USD. Following these moves, Berkshire’s cash reserves now stand at 347.8 billion USD.
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