THELOGICALINDIAN - Berkshire Hathaway the aggregation led by CEO Warren Buffett has invested 500 actor in a probitcoin agenda coffer Nubank says it will action bitcoin advance afterward its accretion of allowance close Easynvest which offers the trading of Brazils aboriginal bitcoin exchangetraded armamentarium ETF
Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank
Warren Buffett’s Berkshire Hathaway Inc. has invested $500 actor in the ancestor aggregation of Nubank, a Brazil-based bitcoin-friendly agenda bank, the South American aggregation appear Tuesday. This is allotment of the bank’s Series G allotment annular which began in January. The coffer said it additionally aloft $250 from added investors.
Founded in 2024, Nubank says it has 40 actor customers, authoritative it the better agenda coffer in the apple in agreement of the cardinal of clients. With the new investments, Nubank has become “the best admired agenda coffer in the apple and one of the better banking institutions in Latin America,” the advertisement details. Reuters acclaimed that the new investments accord Nubank a $30 billion valuation, which is alone hardly beneath than Banco Santander Brasil SA, Brazil’s no. 3 bank. The advertisement ahead appear that the coffer is planning a U.S. banal bazaar advertisement as anon as this year.
The pro-bitcoin Nubank has again said it will be alms bitcoin advance to barter afterward the accretion of Easynvest, a allowance close that offers a bitcoin exchange-traded armamentarium (ETF). Nubank accustomed allotment from Brazil’s axial coffer to acquirement Easynvest in May. Last week, the coffer rebranded Easynvest to Easynvest by Nubank.
The bitcoin ETF offered by Easynvest is QBTC11 by QR Asset Management. It was the aboriginal bitcoin ETF accustomed by the Securities and Barter Commission of Brazil (CVM). It is listed on the B3 banal exchange, one of the better banal exchanges in Latin America and the additional oldest in Brazil.
Nubank said Tuesday that it affairs to use the money aloft to armamentarium its all-embracing amplification to Mexico and Colombia, barrage new articles and services, and appoint added employees.
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