Berkshire Hathaway Invests $1B in Brazilian Digital Bank Nubank

Berkshire Hathaway bought $1 billion in shares of Brazilian digital bank Nubank in the fourth quarter of 2021, according to a 13F filing with the Securities and Exchange Commission.

In December, when Nubank went public, Berkshire Hathaway reportedly acquired 30 million shares for a total of $250 million. At that time, Nubank’s valuation reached $41.5 billion.

Read more: CoinDesk