Nu Holdings, the parent company of Brazilian bank Nubank, previously invested by Buffett’s Berkshire Hathaway, has soared 93% this year.
Berkshire began injecting $500 million into Nu Holdings in June 2021, and invested an additional $250 million in the cryptocurrency-friendly bank when the company went public in December 2021.
As of June this year, Berkshire held about 107 million shares in the company, with a shareholding ratio of about 2% and a value of $845 million.