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Warren Buffet’s American multinational conglomerate, Berkshire Hathaway, has expanded its shares in Nu Holdings, a Brazilian digital banking company. This comes years after Warren Buffet said they would never have a position in cryptocurrencies or the crypto sphere. Berkshire Hathaway continues to follow a conservative investment approach as it increases its holdings in Nu Holdings, as recorded in 2024-Q3. Berkshire Hathaway Broadens Investment in Nu Holdings In a recent SEC filing, Nu Holdings reported that Warren Buffet’s Berkshire Hathaway increased its holdings to 0.4% as per the records for the third quarter of fiscal 2024. This is an increase from 0.1% which was reported for the fourth quarter which ended on December 31, 2022. Berkshire Hathaway initially invested $500 million in Nu Holdings when the Brazilian digital banking company held Series G Funding in 2021. Buffet’s company later invested more funds worth $250 million to take the total investments to $750 million. It is now estimated that Berkshire Hathaway holds over 86 million shares of Nu Holdings for a value of approximately $1.2 billion. Warren Buffet’s Earlier Stand on Crypto The CEO of Berkshire Hathaway, Warren Buffet, was earlier against having any share in the crypto market. He never identified himself as a fan of the crypto sphere, and is known for calling Bitcoin ‘probably rat poison squared.’ Warren Buffet said that in 2018 while also telling the media that cryptocurrencies would come to a ‘bad ending.’ He confirmed at that time that they don’t have a position in cryptocurrencies and they will never have any position in them. That stand appears to be steering in a different direction now with Berkshire Hathaway expanding its holdings in a company that launched its crypto platform in 2022 – Nubank Crypto. The cryptocurrency platform by Nu offers support for Bitcoin, Ethereum, Polygon,…