Berkshire Hathaway Invests $1B in Brazilian Digital Bank Nubank
source link: https://fintechranking.com/2022/02/18/berkshire-hathaway-invests-1b-in-brazilian-digital-bank-nubank/
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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
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