Warren Buffett has always been clear about his dislike of cryptocurrencies. Berkshire Hathaway, however, has invested millions of dollars in Nu Holdings Ltd., a Brazilian bank with ties to cryptocurrencies, whose shares are up 34% on the year.

Berkshire Hathaway CEO and Chairman Warren Buffett has repeatedly stated his stance on cryptocurrencies: He does not like.

At the 2018 Berkshire Hathaway annual meeting, Buffett once called Bitcoin "probably rat poison squared."

"We do not hold any cryptocurrencies, we are not short any cryptocurrencies, and we will never hold them."

"As far as cryptocurrencies go, I can almost certainly say they're going to end badly." Buffett said in an interview with CNBC in 2018.

But recent reports suggest that Berkshire Hathaway and some of its investment managers may be becoming more relaxed in their views on cryptocurrencies.

Berkshire Hathaway has invested in Nu Holdings, a Brazilian digital banking company that has its own cryptocurrency platform and supports cryptocurrency markets.

According to Nu Company information, Berkshire Hathaway initially participated in a $500 million Series G financing round in 2021, and subsequently $250 million invested.

In 2022, Nu launched its cryptocurrency platform, Nubank Cripto, initially supporting Bitcoin, Ethereum and Polygon. The platform now includes Uniswap and Chainlink and allows users to send, receive and exchange cryptocurrencies.

Nu Holdings did not immediately respond to Fortune's request for comment.

According to U.S. Securities and Exchange Commission (SEC) filings, BurkeHill Hathaway increased its shareholding in NU from 0.1% at the end of the fourth quarter of 2022 to 0.4% in the third quarter of fiscal year in fiscal year.

representatives of Berkshire Hathaway and Buffett did not immediately respond to the comments of "Fortune" magazine.

This means that as of the end of the third quarter of fiscal year in 2024, Berkshi Er Hathaway holds more than 86 million NU stocks, worth nearly $ 1.2 billion. Therefore, Buffett and Berkshire Hathaway are benefiting from a business he had not understood in the past.

"I have caused a lot of trouble because I think what I know," Buffett said in an interview with CNBC in 2018. "Then why do I do more or short in things I don't understand at all?"

As of noon on Wednesday, Nu Holdings's stock price has increased from the same year year-on-year 34%.

Now, Berkshire Hathaway seems to be investing in cryptocurrency-related investment. Buffett may need to resign. It will not cause impact remarks.

"If you tell me you have all the Bitcoin in the world, and sell it to me at a price of 25 US dollars, I will not pick it up because I will take it What do you do? "Buffett said at Berkshire Hathaway's shareholders' meeting in 2022. "I have to sell it back to you, no matter what. It will not do anything."

Nevertheless, it should be noted that Berkshire Hathaway generally conservatively in terms of investment strategy.

According to the company's fourth quarter of the financial statement in the fourth quarter of 2024, Berkshire Hathaway holds more than $ 325 billion in cash and equivalent, including large of which Some are US Treasury bonds. This means that Berkshire Hathaway also avoids a large number of popular stocks when the market has achieved good achievements.

"Berkshire's success in these years is precisely because it has always maintained a boring way,"Meyer Serz, the managing director of Keefefe, Bruyette & Woods, said in an interview with Aleina Bottros, who was in an interview with Fortune Magazine in November 2024.