Warren Buffett, the "Oracle of Omaha," and his investment firm Berkshire Hathaway have recently sold all of their shares in Nu Holdings, the parent company of the Brazilian cryptocurrency-friendly bank Nubank. This sale not only marks the end of Buffett's investment relationship with this digital bank but also signifies that Berkshire has realized a total profit of $250 million from this investment. (Background: Buffett has openly admitted feeling older and finding thinking and reading increasingly difficult and has discussed his decision to step down as CEO of Berkshire Hathaway.) (Additional context: Buffett initially invested in the Brazilian crypto-friendly bank Nu Holdings, with Berkshire Hathaway's holdings reaching $1.2 billion). According to the latest data disclosed by the U.S. Securities and Exchange Commission (SEC), Warren Buffett's Berkshire Hathaway has sold all of its shares in Nu Holdings, the parent company of the Brazilian cryptocurrency-friendly bank Nubank. This sale not only ends Buffett's investment relationship with this digital bank but also marks that Berkshire has realized a total profit of $250 million from this investment. Buffett's investment journey with Nubank According to public information, Nubank is the largest digital bank in Brazil, established in 2013. Nubank actively embraces cryptocurrencies, allowing users to trade mainstream cryptocurrencies like Bitcoin, Ethereum, and Ripple directly in the app, and in 2022 allocated 1% of its net assets to Bitcoin, becoming one of the most cryptocurrency-friendly financial institutions in Latin America. Despite Buffett's long-standing skeptical attitude towards cryptocurrencies, even labeling them as "rat poison squared," Berkshire still invested in Nu Holdings in its early years, indirectly entering the cryptocurrency field. However, starting in 2024, Berkshire began to reduce its holdings in Nubank. According to the data, in the third quarter of 2024, Berkshire sold 20.7 million shares at an average price of $13.46 per share, in the fourth quarter sold 46.3 million shares at $13.22 per share, and in the first quarter of 2025 sold the final 40.2 million shares at $11.83 per share. This transaction ended all of Berkshire's holdings in Nubank, realizing a total profit of approximately $250 million. Berkshire's cash reserves reached $347.8 billion. However, it is worth noting that Buffett's decision to clear out his Nubank holdings does not seem to be due to poor performance but is part of a broader adjustment in Berkshire's overall investment strategy. The reason is that in the first quarter of 2025, Berkshire not only sold Nubank shares but also liquidated its holdings in Citigroup and significantly reduced its stake in Bank of America, selling over $2.1 billion in financial stocks overall. This series of operations has pushed Berkshire's cash reserves to a record high of $347.8 billion, with $305.5 billion invested in short-term U.S. Treasury bills. Additionally, Nubank's financial performance remains impressive. In the first quarter of 2025, the company reported a net income of $557.2 million, a 47% year-on-year increase; adjusted net income was $606.5 million, a 37% year-on-year increase. In 2024, Nubank's total net income reached $1.97 billion, a 91% year-on-year increase, demonstrating its strong competitiveness in the Latin American market. According to Google Finance data, Nu Holdings' stock price is currently reported at $13, slightly up from Buffett's selling price, with a nearly 21% increase over the past month, giving it a market capitalization of approximately $62.6 billion. Buffett's strategic considerations behind the reduction in investments Recent significant reductions in financial stocks by Buffett reflect his cautious attitude towards the current market environment. Analysts believe that Berkshire's large cash reserves may be a preparation for potential economic uncertainties or waiting for more attractive investment opportunities. Buffett has previously emphasized that "cash is king," and this decision to sell off Nubank and other financial stocks further highlights his focus on liquidity and risk management. Furthermore, Buffett's decision to clear out his Nubank holdings does not appear to negate its potential but rather reflects a continuation of his investment philosophy in the current market environment. With Berkshire's cash reserves reaching a new high, the next moves of this giant remain a point of interest for the market. Related reports: Buffett's shareholder letter hides mysteries: Holding cash for a market crash? Bear market fears repeat the internet bubble disaster. Buffett's latest shareholder letter "does not mention cryptocurrencies"! Cash reserves reach a new high, but still emphasizes a preference for stock investments. Who is Greg Abel, Buffett's selected "successor" for Berkshire? What does he think about cryptocurrencies? "Buffett clears out Brazilian cryptocurrency-friendly bank Nu Holdings, realizing a profit of $250 million, while Berkshire's cash reserves reach a new high of $347.8 billion." This article was first published by BlockTempo (the most influential blockchain news media).