Nubank just dropped a crypto bombshell, adding Cardano, Near Protocol, Cosmos, and Algorand to its platform. The irony? Warren Buffett, a notorious crypto skeptic, indirectly fuels this expansion through Berkshire Hathaway's growing stake in the Brazilian fintech giant. Nubank's bold move gives 100 million clients access to 20 different cryptocurrencies, while its revenue skyrocketed from $245 million to $3 billion. The plot thickens as traditional finance unwittingly backs the digital asset revolution.
While Warren Buffett famously despises cryptocurrency, his company Berkshire Hathaway keeps pouring money into Nubank – a fintech giant that's going all-in on digital assets. The Brazilian financial powerhouse just added four new altcoins to its crypto portfolio: Cardano, Near Protocol, Cosmos, and Algorand. Talk about irony.
Nubank's not playing small ball here. With over 100 million Brazilian clients now able to trade 20 different cryptocurrencies, they're reshaping Latin America's digital landscape. And they're doing it with Buffett's money. Berkshire Hathaway has quadrupled its stake in Nubank from 0.1% to 0.4% between 2022 and 2024, seemingly unfazed by the company's crypto enthusiasm.
While Buffett frowns on crypto, his investments are powering Nubank's digital revolution across Brazil with 100 million users trading cryptocurrencies.
The numbers tell the story. Nubank's revenue skyrocketed from a modest $245 million in 2021 to a whopping $3 billion by 2024. They're not just winning – they're dominating. In a market where stablecoins account for 90% of all crypto transactions, Nubank's playing the long game by diversifying into altcoins known for speed and scalability. The company previously invested 1% of net assets in Bitcoin back in 2022, showing early commitment to digital currencies. The platform's success reflects the growing trend where altcoin seasons typically emerge when Bitcoin's market dominance weakens.
Brazil's crypto scene is heating up, and Nubank's timing couldn't be better. The platform recently enabled 11 new cryptocurrency pairs for trading with USDC stablecoin. With the government even considering allowing salary payments in Bitcoin, the digital asset revolution is in full swing. Major players like Binance and Revolut are scrambling to grab their piece of the Brazilian pie, but Nubank's got home-field advantage.
The company's planning to add even more tokens throughout 2025, all while dancing the delicate regulatory compliance tango. Their customers aren't complaining – they're getting access to a broader range of digital assets and can even earn fixed annual returns through a USDC rewards program. Love it or hate it, Nubank's crypto push is forcing traditional finance to take notice.
Meanwhile, somewhere in Omaha, Warren Buffett might be shaking his head at cryptocurrency, but his money's helping fuel one of the biggest crypto expansions in Latin America. Now that's what you call a plot twist.
