Berkshire Hathaway CEO Warren Buffett has raised eyebrows with one of his latest investment moves. The Oracle of Omaha, once a stern critic of Bitcoin, has inadvertently become a benefactor of the Bitcoin revolution.

Nubank, a Brazilian startup bank, stands out not just for its digital banking solutions but also for enabling its users to engage in bitcoin and other cryptocurrency trades. But Nubank didn’t just stop at facilitating trades; they launched their cryptocurrency, nucoin, affirming their stronghold in the crypto domain. This progressive approach made Nubank a star performer on the stock market, eclipsing the returns of Buffett’s other heavyweight investments like Amazon, Apple, and Coca-Cola.

For many in the Bitcoin world, Buffett’s name often rings a bell for his stark criticism rather than support. His past remarks have labeled Bitcoin as a mere “gambling token” and even went as far as dubbing it “rat poison squared.” However, despite his reservations, Berkshire Hathaway’s strategic moves seem to be singing a different tune.

Buffett, poured $500 million into Nubank in June 2021, right before the bank’s buzzworthy IPO. This bet on Nubank amplified as the bank’s shares surged, prompting Buffett to invest another $250 million during the IPO. Today, that initial $500 million stake is currently valued at $840 million, underscoring a lucrative venture into the Bitcoin-friendly financial space.

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