Crypto:
30445
Bitcoin:
$62.748
% 1.92
BTC Dominance:
%53.4
% 0.12
Market Cap:
$2.29 T
% 1.42
Fear & Greed:
47 / 100
Bitcoin:
$ 62.748
BTC Dominance:
% 53.4
Market Cap:
$2.29 T

Warren Buffett Leaves Amazon And Apple Behind With Crypto Assets!

Warren Buffett

Warren Buffett, who is the most successful investor of the 20th century, earned his company, Berkshire Hathaway, 130 million dollars. The company also purchased 107 million shares of Nu Holdings in 2021. According to the disclosed data, it made a total investment of 750 million dollars and stated in its earnings report that it did not sell any shares.

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Through this purchase, Warren Buffett brought his company a profit of about 880 million dollars. (This profit was over one billion dollars in early 2022.) You can see the daily price graph of Nu Holdings below.

Nubank is a FinTech bank with over 80 million customers. The company had also purchased Bitcoin with 1% of its assets in mid-2022. Additionally, Nubank expressed its belief in Bitcoin’s potential in financial services. Therefore, this company (Nubank), which Buffett has invested heavily in, is considered crypto-friendly as they provide crypto services to millions of users.

Warren Buffett surpasses Amazon and Apple profit with NU shares

Buffett made significant returns with NU shares, which constitute 45% of his portfolio. Additionally, the Amazon company in Buffett’s investment portfolio gained 54.65% and Apple gained 36% in value. Therefore, NU company has become the stock where Berkshire Hathaway invests the most. You can see the earning ratios of these three companies below.

Besides, Bitcoin also made movements like NU shares and entered a good rise this year. We can say that there was a mini bull in October with the good news from Bitcoin ETFs. In the graph below, we see that the BTC and NU rises are simultaneous.

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Therefore, the similarity of the movements in the graphs causes some comments by experts.


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