Latest news with #Nubank
CNBC
2 days ago
- Business
- CNBC
Morgan Stanley says buy these five stocks soon that are set to rally
There's a slew of stocks that have a lot more room to run, according to Morgan Stanley. The firm says overweight-rated companies like Nvidia have plenty of upside and remain top picks in June. Others include: Nubank , Sallie Mae , Seagate and Coupang. Seagate The tech data storage company is just too attractive to ignore, analyst Erik Woodring, wrote following Seagate's analyst day in late May. "The inflection in compute will drive exponential growth in storage demand, and we see STX as a still underappreciated play on this theme at just 7.5x our peak EPS," he wrote. And there's a whole host of more positive catalysts to come for top pick Seagate, too, the firm said. "Tech leadership, premium margins, robust FCF generation, and strong cap returns support EPS upside and multiple re-rating from here," he added. The stock is also an undervalued play in the data center space, too, Woodring says. Shares of Seagate are up 36% this year. Coupang The South Korea e-commerce company was recently named a new top pick at the firm. "Competitors have scrambled to respond, but Coupang's market share gains have continued without a blip," analyst Seyon Park wrote. The firm also raised its price target on the stock to $32 per share from $27 as Coupang is firing on all cylinders. "The company continues to execute well, is relatively insulated from tariff risk, and a beneficiary of a weaker USD [US dollar]," he said. Meanwhile, shares are up 27% and remain compelling. "Valuations also look favorable compared to relevant peers, " he went on to say. Nubank The LatAm bank is a share gainer and a top pick at the firm, according analyst Jorge Kuri and team. "We think the market continues to significantly underestimate Nubank's ability to scale profitably — especially through deeper cross-sell in Brazil," they wrote. The firm says Nubank has a differentiated offering for consumers as a one stop shop for all banking needs. "From leading in primary account relationships and salary deposits, to capturing the lion's share of consumer intent in credit card, personal loan, and payroll loan applications and balance transfers, Nubank is clearly far outpacing incumbent and digital peers," he said. The stock is up almost 16% this year, but Kuri says shares have plenty more room to run. "Nubank leads in both reach and relevance," he said succinctly. Seagate "The inflection in compute will drive exponential growth in storage demand, and we see STX as a still underappreciated play on this theme at just 7.5x our peak EPS. Tech leadership, premium margins, robust FCF generation, and strong cap returns support EPS upside and multiple re-rating from here. ... .A (still) underappreciated play on data growth; PT increases to $140 and we reinstate STX as our Top Pick." Coupang "The company continues to execute well, is relatively insulated from tariff risk & a beneficiary of a weaker USD. Valuations also look favorable compared to relevant peers. ... .Competitors have scrambled to respond, but CPNG's market share gains have continued without a blip. ... .Despite the market uncertainties this year, we are quite comfortable CPNG can deliver on its growth targets, while also being a beneficiary of a weaker US dollar." Nvidia "NVIDIA is putting digestion fears fully to rest, showing acceleration of the business other than the China headwinds around growth drivers that seem durable. Everything should get better from here. Reiterate OW, Top Pick in semis. ... .Bear case is fading and inference trajectory is durable; stay with the story. ... .Most of the themes we have been focused on played out through this quarter." Sallie Mae "SLM remains our Top Pick. ... .SLM exploring potential alternatives to whole loan sales, such as JVs, which we think could drive multiple expansion on more consistent asset-light cash flow. ... .Once we gain further clarity on government policy, we expect SLM will formally issue a range of estimates on how much additional volume it can drive in 2H26/2027." Nubank "We think the market continues to significantly underestimate NU's ability to scale profitably — especially through deeper cross-sell in Brazil. ... .From leading in primary account relationships and salary deposits, to capturing the lion's share of consumer intent in credit card, personal loan, and payroll loan applications and balance transfers, NU is clearly far outpacing incumbent and digital peers. ... .Nubank leads in both reach and relevance."
Yahoo
3 days ago
- Business
- Yahoo
Nu's Digital Revolution: Growth, Value, and a Global Vision
Nu Holdings (NU, Financial) is considered one of the best growth stories coming from emerging markets. Thanks to its fast-growing revenues and earnings, a stable financial position, and a relatively low valuation, Nu has both size, speed, and room to grow. The company is gaining ground quickly, working flawlessly, and perhaps most importantly, doing it profitably. While the broader market was paying attention to a small EPS miss, Nu continued to deliver record revenues, increased customer involvement, and grew with unmatched efficiency in Latin America. When you consider Nu's banking move in Mexico, product diversification, and the growing interest from investors such as Cathie Wood and Baillie Gifford (Trades, Portfolio) (Trades, Portfolio) , it is easy to see that Nu Holdings is just getting started. Warning! GuruFocus has detected 6 Warning Sign with DASH. For investors looking for a high-growth company that is also affordable and has huge potential in the long run, Nu Holdings should be on their watchlist. Nu Holdings, known as Nubank, has transformed banking in Latin America by focusing on a digital-first, customer-obsessed approach. The company started in 2013 in Sao Paulo, Brazil, and now has grown into one of the world's largest digital banking platforms and caters to more than 114 million people across Brazil, Mexico, and Colombia. Nubank is partnering with innovative companies to offer a wide range of services to its customers. Above all, Nu works hard to provide affordable and accessible financial services to many people who have not had access before. Nu Holdings had a fantastic quarter; the market just didn't see it that way: Nu Holdings turned in a strong first quarter, demonstrating that, along with being a fast-growing digital bank, it is succeeding in growing profitably in Latin America. However, the market was not impressed. Shares fell 6.1% during after-hours trading as the company's GAAP earnings-per-share (EPS) was just $0.11 versus the $0.12 that analysts were expecting. The smaller-than-expected earnings, though flat since the last quarter and higher than a year back, triggered a sell-off that feels more like an automatic knee-jerk response than a reflection of the actual results. Customer growth driving the flywheel: Nu's success is mainly built on the strong growth it sees in customers, and this trend continues to impress. In Q1, the company gained 4.3 million new customers and now serves 118.6 million in total, which is up by 19% from the previous year. Brazil still remains the main focus, as Nu now serves 59% of Brazilian adults. Mexico and Colombia are also growing fast, adding 11 million and almost 3 million customers, respectively. Also, 83% of users are active, which reveals that these are not just temporary members; they regularly use the app and contribute to growing the monetization strategy. Financial muscle on full display: While EPS was a penny short, the rest of the company's financials are promising. Net income went up by 74% year-over-year (FX-neutral) to $557.2 million, and adjusted net income was $606.5 million. The company's revenues reached a new high of $3.2 billion, an increase of 40% FX-neutral. The company's efficiency ratio was 24.7%, which increased to 26.7% after taking out the one-time tax item, demonstrating that its operational efficiency wasn't dull either. Nu's scalability and disciplined cost control were reflected in a rise to $11.2 in ARPAC and the company's ability to limit the cost to serve per customer under $1. Although the risk-adjusted NIM went down to 8.2% due to credit costs and new operations, Brazil's main profitability did not weaken. A deposit engine that keeps getting stronger: Nu's deposits increased by 48%, reaching $31.6 billion, giving the company strong and low-cost funds. With a ratio of 44% loans to deposits, the bank can still safely increase its credit. Because of more borrowing and better credit mix choices, interest-earning assets rose by 62% YOY. The bottom line: Although Nu Holding's earnings fell short by a little, the stock still took a dip, but there is more to it. This quarter saw the company grow, improve its margins, and handle risks carefully. The fundamentals are not just there, but they are improving as well. All in all, the market's behavior seems to be a good buying opportunity rather than a matter of worry. Apart from its strong growth and profit, Nu Holdings has a very secure balance sheet. Thanks to a cash-to-debt ratio of a whopping 39.47 and having almost $14 billion in cash, this company is swimming in cash. As a result, NU's cash balance is around 40 times greater than its debt. Having so much cash is impressive, given that the company is still rapidly growing. With this much money, Nu is able to introduce itself to new markets, try new ideas, or handle challenges in business without hesitation. For investors, it is rare to see a business that aims high and has the resources to do so. The unique thing about Nubank is how it differs from ordinary banks, and that difference is intentional. The company does not have any physical branches. You can use the app for all your needs. Although this may seem basic today, it helps Nubank to massively improve margins by cutting infrastructure costs and soar ahead of traditional banks that pay for real estate. Next, we have crypto. While banks have yet to discuss crypto in detail, Nu Holdings has already launched Nubank crypto, making it possible for people to trade Bitcoin and Ethereum directly within the app. It is another way the business remains up-to-date and connected to its tech-savvy users. And let's not overlook the importance of the brand. Many people not only use Nubank, but also love it. It was placed at the top among all Brazilian companies, regardless of whether they were financial or not. It's not usual to see this level of trust and emotion in banking. All of this happens due to the culture, which feels more like a tech startup than a bank. Quick to act, product-focused, and customer-obsessed. As the financial industry moves slowly, Nu Holding's quick actions are highly beneficial. Nu Holdings is currently following a "Three Act Strategy" to make the largest and most loved retail bank in Latin America, offer services outside of finance, and build a global AI-based digital banking model. Under this strategy, the company has launched NuTravel, a service for planning trips within the app, and NuCel, its mobile virtual network operator (MVNO) service. They are intended to make Nu's offerings more varied and attract more customers. ? Adding to that, Nu Mexico made history in April when it was officially granted permission to become a bank. Consequently, this is Mexico's first SOFIPO to receive approval from the regulators and open doors for the company to expand its product lineup. The accounts have things like payroll services, higher deposit limits, and unlimited deposit insurance. While the change is being made, customers will continue to enjoy the same smooth experience online. Nu is expanding in Mexico, where it has over 10 million users and $1.4 billion invested, to help more people access financial services, as just five banks serve most of the population here. This action could really improve the current situation. In addition to thinking about how to expand globally, Nu Holdings is planning to relocate its legal domicile to the UK, which may also mean entering the United States as part of its strategy. The purpose of this move is to analyze different locations to find out if they are advantageous for the company, with a view to expanding internationally. ? Growth is not slowing down for Nu Holdings. Since the company has seen its revenue rise from $2.97 billion in 2022 to almost $8.27 billion by 2024, its growth in fintech for Latin America seems to accelerate even more in the next few years. Revenue is expected to grow at a rapid pace and reach $14.7 billion in 2025, $18.43 billion in 2026, and an even bigger $26.32 billion by 2027. Nu's model clearly shows its strength and the significant potential in the markets where it already operates. What's even more impressive is how quickly Nu is growing. The forward price-to-sales ratio is projected to fall from 4.30 in 2025 to just 2.40 by 2027. If this expectation is met, investors may see an increase in the amount of revenue they get for every dollar invested. Source: Consensus Revenue Estimates (Seeking Alpha) The earnings part is even better. Nu's EPS is expected to increase from $0.51 in 2025 to $0.99 by 2027, meaning it will almost double during those two years. EPS growth rates are accelerating year-over-year too, as analysts project a 24.91% rise in 2025, nearly 43% increase in 2026, and another 37% uptick in 2027. This positive trend is also seen in the company's expected forward PE ratio, which goes from 25.85 times in 2025 to 13.21 times by 2027. If things continue this way for Nu, the combination of strong earnings growth and valuation compression may lead to a powerful setup for long-term shareholders. Source: Consensus EPS Estimates (Seeking Alpha) The valuation of Nu at the moment is quite attractive. From the GF Value chart, $13.07 is the current stock price, while its intrinsic value is reported at $17.64. Therefore, it is said to be modestly undervalued, with an upside potential of roughly 35% if the company's progress continues. According to the chart, there is a clear upward trend through 2027, and prices are expected to rise steadily in all situations, even when the scenarios are kept conservative. The colored bands tell us about different outcomes, and even the worst-case scenario, where the price drops 30%, appears to suggest upside from the current point. Furthermore, its PEG ratio is 0.43 times, which is 38.4% lower than the sector median of 0.70, meaning the stock is growing quickly while being priced reasonably for its growth, which makes it even more attractive for long-term investors. Even though the P/E ratio of 29 times is much higher than the average, I still believe that NU is undervalued due to its impressive current and expected growth in revenue and EPS. NU's net income trailing twelve months (TTM) is already quite high, but owner earnings are where you see how much cash can be returned to its shareholders. The figure comes from taking our depreciation and amortization (D&A) total of $80 million and subtracting our estimated maintenance capital expenses. As most of Nu's spending is aimed at growing the business, we think around $69 million or 30% of its $231 million in capital expenditures is used for maintenance. As a result, we estimate that owner earnings are $2.16 billion. Since capital expenditures are just 3% of total revenue, Nu uses a model that allows most profits to be turned into free cash. It reveals how an online bank can operate more quickly and easily than a traditional bank with physical branches. Source: Author generated based on data and calculations Compared to its peers, Truist Financial (TFC, Financial) and PNC Financial Services Group (PNC, Financial), Nu is definitely unique and stands out. While TFC shares are currently trading for $41.09, the GF Value puts them at $29.88, meaning the stock is actually significantly overvalued right now. Meanwhile, PNC shares are trading at $179.44, which is quite close to the GF Value of $167.06, making it a fairly valued stock. To conclude, PNC is safe and reasonably valued, and TFC is expensive, but Nu combines impressive growth with low costs, making it rare in today's market. Source: Author generated based on historical data Based on the rapid growth expected for Nu Holdings and its current valuation, there are many reasons to be optimistic about the stock. The stock has increased by 23.24% this year so far, and at its current price of $13, it appears to be undervalued. Additionally, the PEG ratio shows that Nu is offering faster growth than most other companies at a lower cost. With all things considered, I believe a fair price target for Nu in a year is expected to be around $16 to $17, which represents a healthy upside while allowing for strong growth both this year and in the years to come if the company maintains its performance. Adding to the bullish case, most analysts are greatly optimistic about Nu's future prospects. Based on recent data, 17 analysts' targets indicate the stock could climb by 6.10% to $13.91 in the next 12 months and reach a maximum anticipated target of $18.9. All in all, Nu Holdings seems prepared for investors seeking future growth despite having a still-reasonable valuation. Nu Holdings has succeeded in offering profitable growth with a low valuation. This is probably the reason why Cathie Wood has taken notice of the company. Cathie didn't stop with Q4; she actually bought more of Nu's stock and increased her positions across different ARK funds. She's not alone either. Baillie Gifford (Trades, Portfolio) (Trades, Portfolio) , who is a long-term growth investor, also upped his stake and now holds over 17% more. In addition, Lee Ainslie (Trades, Portfolio) (Trades, Portfolio) nearly tripled his holdings by increasing them by almost 36%. Even after decreasing his holdings by 30%, Philippe Laffont (Trades, Portfolio) (Trades, Portfolio) holds over 55 million shares of Nu, which is the largest amount he holds in any company. Another way to put it is that it's a sign of being smart and strategic, not a sign of giving up. It is important to note that Warren Buffett (Trades, Portfolio) (Trades, Portfolio) 's Berkshire Hathaway bought shares in Nu Holdings when it went public in 2021, at about $9 per share. But recently in Q1, Buffett sold his shares in the stock. The reason could be that Nu relies on digital banking in Latin America, where the markets are experiencing economic volatility. That said, it's not necessarily about Nu's performance. In fact, Nu is still experiencing strong gains in both customers and earnings, despite the challenges Latin America is facing. While guru sells also exist, if a few of the best investors in the business are buying the same stock, it deserves attention. Growth, value, and confidence from major investors all fit together when it comes to Nu. Even though Nu Holdings is doing well, there are still some issues investors should be aware of. To begin, Nu's strategy for growth counts on everything being executed at the highest level. As the company expands into new areas such as crypto, mobile, and travel, it could lead to a shortage of resources. It is important to diversify, but focusing on too many things at once can cause problems and increase the risk of failure. Second, concerns about currency and inflation are a true challenge for Latin America. The main market for Nu, Brazil, is seeing an increase in inflation (around 5%) and a drop in the value of the real against the U.S. dollar. How the USD fluctuates against other currencies can reduce earnings, even if a company's business does well. We have seen a similar situation happen before, when Nu left Argentina because of high inflation and a volatile currency. Third, Nu should pay close attention to regulatory hurdles, as it is now transitioning to full banking status in Mexico. Regulatory approval can take a long time, and the outcome is hardly ever certain. Lastly, as Nu continues to accelerate its growth, being able to assess credit quality becomes very important. New market lending can cause more people to miss their loan payments, especially if the economy slows down. Nu Holdings checks a lot of boxes for long-term investors. It is growing quickly, has solid profitability, is well-managed, and clearly has potential for further upside. Yes, the recent EPS miss caused some worry in the market, but it's just a temporary disturbance. On a closer look, fundamentals are quite interesting as Nu is scaling rapidly, innovating with purpose, and gaining the support of both customers and top investors. Its cash-rich balance sheet, rising profit margins, and big opportunities in Latin America (and beyond) give it an edge in fintech. Like any other emerging market player, Nu faces risks, though it has shown it can handle them with agility. And with shares lower than their intrinsic value, investors have an opportunity to get in early before this company develops into a major financial institution of the digital age. This article first appeared on GuruFocus.
IOL News
6 days ago
- Business
- IOL News
Digital Finance at the Core of Brazil's Fintech Transformation
View of the logo of Brazilian FinTech startup Nubank outside its headquarters, in Sao Paulo, Brazil. Brazil, Latin America's largest economy, is experiencing a transformative fintech boom. Once dominated by traditional and oligopolistic banking systems, the country's financial sector is rapidly evolving to cater to the needs of its diverse population. With over 20% of the population still unbanked, fintech innovations offer a pathway to financial inclusion and efficiency. Growth of Digital Payment Solutions Brazil's digital payment infrastructure continues to evolve rapidly, with the Central Bank's Pix system firmly entrenched as the country's dominant transaction platform. Since its 2020 debut, Pix has surpassed three billion transactions per month, becoming the preferred payment method across various use cases—from daily retail purchases to business-to-business transfers. As of 2025, around 80% of the adult population actively uses Pix, drawn by its core advantages: instant settlement, round-the-clock availability, and free peer-to-peer transfers. Alongside Pix, other components of Brazil's digital payments landscape are also gaining traction. The prepaid card sector, which expanded at a compound annual growth rate (CAGR) of 7.5% between 2019 and 2023, is now forecast to grow even faster—an estimated 12.9% CAGR from 2024 to 2028. This reflects growing consumer preference for flexible, bank-independent financial instruments. Meanwhile, digital wallets such as PicPay, PagSeguro, and Mercado Pago continue to diversify the ecosystem. By 2025, one in three Brazilians regularly uses a digital wallet, not only for payments but also for a wider array of financial services. PicPay, in particular, has expanded its user base to over 62 million, offering integrated access to insurance products, investment platforms, and cryptocurrency trading, solidifying its position as a leading fintech provider. Expansion of Online Lending and Alternative Financing Brazil's marketplace lending sector continues its strong expansion. In 2024, consumer lending volumes reached approximately $57.8 million, with forecasts suggesting sustained growth amid rising demand for alternative credit solutions. The country's broader fintech ecosystem has matured significantly, comprising over 1,500 active startups across diverse segments such as digital payments, wealth management platforms, peer-to-peer lending, and alternative financing. This ecosystem is marked by a high collaboration index of 204%, reflecting deep integration and cooperation among firms, accelerators, and regulatory bodies. At the forefront of this movement is Nubank, a flagship example of Brazil's fintech success. As one of the world's largest digital banking platforms, Nubank continues to expand its product suite—ranging from no-fee credit cards to savings, investment tools, and small business loans—reshaping how Brazilians engage with financial services. The surge in demand for accessible, non-traditional financing channels is cementing Brazil's reputation as a global leader in fintech innovation and financial democratisation. With strong consumer adoption and supportive regulatory frameworks, the sector is well positioned for continued acceleration through 2025 and beyond. Regulatory Advancements and Challenges Brazil's regulatory landscape has played a pivotal role in shaping its fintech ecosystem. Pix operates under the oversight of the Central Bank, which has embraced its role as a tech-forward institution. Open banking regulations in Brazil are more efficient and mandatory compared to Europe's PSD2, fostering transparency and competition. This progressive regulatory framework supports partnerships between traditional banks and fintech startups, though challenges remain. One significant development is the planned reduction of the IOF tax to 0% on key foreign currency and transfer-related transactions, leveling the playing field for fintech businesses. However, high taxes on essential tech goods like smartphones and computers and the requirement for all transactions to be conducted in Reais impose constraints on the industry's growth. The Road Ahead The fintech revolution in Brazil is more than just a trend; it is a movement reshaping the financial fabric of the nation. From the dominance of Pix in digital payments to the proliferation of online lending platforms, fintech innovations are addressing longstanding inefficiencies and fostering inclusion. With supportive regulations and a collaborative ecosystem, Brazil is well on its way to achieving its potential as a global fintech powerhouse. Written By: *Dr Iqbal Survé Past chairman of the BRICS Business Council and co-chairman of the BRICS Media Forum and the BRNN *Cole Jackson Lead Associate at BRICS+ Consulting Group Chinese & Brazilian Specialist **The Views expressed do not necessarily reflect the views of Independent Media or IOL. ** MORE ARTICLES ON OUR WEBSITE ** Follow @brics_daily on X/Twitter for daily BRICS+ updates
Business Mayor
18-05-2025
- Business
- Business Mayor
Despite BTC criticism: Warren Buffett makes $250 million with crypto companies
Image: KI Advertisment Investment legend Warren Buffet isn't known for his great love of Bitcoin. He once even called the digital currency 'rat poison squared.' However, that didn't stop him from investing in Brazilian Nubank, a company that facilitates Bitcoin trading but also holds it on its balance sheet. Now Warren Buffet's Berkshire Hathaway has completely exited the company, and they're doing so with a $250 million profit. Berkshire began selling Nubank shares in 2024. In the third quarter, it sold 20.7 million shares at an average price of $13.46 each. Then, in the fourth quarter of 2024, another 46.3 million shares were sold at $13.22. And the final tranche of 40.2 million shares was sold in the first quarter of 2025 at a price of $11.83. Buffett and his partners made a profit of approximately $250 million on their initial investment. In retrospect, they won't be dissatisfied with their choice of this Bitcoin company. Without Buffett and Berkshire Hathaway as shareholders, Nubank is doing well. The company generated a net profit of $557.2 million in the first quarter of 2025, a 47% increase over the same quarter in 2024. It also managed to generate a net annual profit of $1.97 billion over 2024, a 91% increase over 2023. In this respect, it's unlikely that the decision to sell has anything to do with the stock itself, as the company is actually doing well. It seems more likely to have something to do with the financial sector, which Buffett's investment firm appears to be exiting altogether. In fact, in the first quarter of 2025, it also sold shares of Citigroup and Bank of America, selling shares valued at $2.1 billion. And with these sales, Berkshire's cash reserves reached a record high of $347.8 million. – Bitcoin News source since June 2011 – Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise For the latest cryptocurrency news, join our Telegram! READ SOURCE
Yahoo
17-05-2025
- Business
- Yahoo
Warren Buffett's Berkshire exits billion-dollar bet ahead of retirement
Billionaire investor Warren Buffett stunned the investor community when he recently announced that he was stepping down as Berkshire Hathaway (NYSE: BRK-A, BRK-B) CEO by the end of 2025. Now, the legendary investor has made a trade move that is bound to make waves in the crypto industry. Though Buffett has strongly criticized crypto on several occasions, Berkshire Hathaway had stakes in Nubank, the Brazil-based crypto-friendly digital bank. Nubank is the largest fintech bank in Latin America that announced allocating 1% of its net assets into Bitcoin and began offering crypto trading services in 2022. As per Stock Circle, Berkshire Hathaway purchased more than 107 million shares of Nu Holdings (NYSE: NU) — Nubank's parent firm — in the fourth quarter of 2021. However, the Wall Street giant has now completely divested of its holdings in Nu Holdings. It began selling its Nu shares from the third quarter of 2024 onwards. The holding company sold 20.7 million Nu shares in Q3 2024, 46.3 million shares in Q4 2024, and 40.2 million shares in Q1 2025. The holding company successfully gained approximately $250 million by divesting of its holdings in the crypto-friendly bank over the course of a year. During Q1 2025, Berkshire has retreated from its other financial holdings too. It shed more than 14.6 million shares of Citigroup (NYSE: C) and slashed its stakes in Bank of America (NYSE: BAC) by 48.6 million shares. Buffett has on different occasions referred to Bitcoin as 'probably rat poison squared' and a 'gambling token.' Berkshire Hathaway never directly invested in crypto, and prior to Buffett's exit, its holdings in a crypto-friendly institution have also come to zilch. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
