Warren Buffett’s Berkshire Hathaway invested $500 million into digital bank Nubank that plans to offer a Bitcoin ETF to its clients
As reported by CNBC, Warren Buffett’s Berkshire Hathaway has invested half a billion dollars in Brazilian digital bank Nubank. It is known that this bank also appeared on CNBC’s Disruptor 50 list for the first time in 2021 with the 40th position.
Source: 2021 CNBC Disruptor 50 companies
Warren Buffett’s Berkshire Hathaway Invests $500 Million In Digital Bank That Works With Bitcoin
Warren Buffett’s Berkshire Hathaway makes $500 million investment in Brazilian digital bank https://t.co/w99uJgwe9u
— CNBC (@CNBC) June 8, 2021
The curious thing here is that Nubank has acquired the brokerage firm Easynvest. And together, the two financial firms plan to offer investments to their clients in Bitcoin ETFs.
Nubank and Easynvest have been negotiating since the fall of 2020 and the acquisition will take place later this year.
Warren Buffett is a famous person who hates Bitcoin. He has also had a negative attitude towards Bitcoin for the past few years. In an interview a few years ago, he called Bitcoin a toxic rat poison.
Furthermore, the event that the CEO of the TRON Foundation, Justin Sun, made a lunch date with Buffet in January 2020 also shook the cryptocurrency community. The lunch that day was also attended by several other leaders of leading crypto companies, such as Charlie Lee, Litecoin founder, and Yoni Assia, eToro CEO.
This lunch was heavily advertised and cost Justin Sun over $4 million. After lunch, Sun tweeted that he gave Buffet a smartphone with a wallet containing some BTC and TRX.
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