Nubank Stock Gets a Boost from $1B Warren Buffett Investment

InvestorPlace2022-02-16

Through 2022, investors are expecting to see more people embrace cryptocurrency and neobanks. With multiple interest rate hikes expected this year, there’s increasing demand for alternative banking. ...

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Comments

koolgal
2022-02-18
koolgal
This is excellent news for Nubank investors as Warren Buffett has added another 1 Billion dollars into Nubank! Go Nubank! 🚀🚀🚀🌙🌙🌙💰💰💰
Arnoldy
2022-02-16
Arnoldy
Like
Zwei2
2022-02-16
Zwei2
Yeah
Gaik11
2022-02-16
Gaik11
Okay
Victorhc88
2022-02-16
Victorhc88
Like
Billionaire Pinky Pig Monkey
2022-02-16
Billionaire Pinky Pig Monkey
Ok

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But now, Nubank stock is seeing gains catalyzed by Buffett again, as he deepens his bet.Nubank is a Brazilian company which came public at the end of 2021. The bank has been praised for its embrace of cryptocurrency, making the emerging asset class an integral part of its business. In June, the company launched the QR Bitcoin ETFin Brazil, one of the earliest Bitcoin ETFs on the market. Around this time, the company also saw its first investment from Warren Buffett; through Berkshire Hathaway(NYSE:BRK-A, NYSE:BRK-B), Buffett invested $500 million in the company.Things are beginning to heat up for Nubank and NU stock in recent months as well. Dec. 9 saw Nubank stock launch on theNew York Stock Exchange. The months since haven’t been particularly kind to NU. Since the IPO, NU stock has traded below its debut price. 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These other plays include U.S. banking entities like BNY Mellon(NYSE:BK) andBank of America(NYSE:BAC). So while Buffett and accomplice Charlie Munger continue to say they will never invest in Bitcoin, it looks like they are not opposed to the asset class within the confines of an institution like Nubank.As news of the investment makes the rounds, Nubank stock is on its way up. 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Go Nubank! 🚀🚀🚀🌙🌙🌙💰💰💰","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094656517","repostId":1156683751,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9095448257,"gmtCreate":1644978717605,"gmtModify":1676533982775,"author":{"id":"3577504972179170","authorId":"3577504972179170","name":"Arnoldy","avatar":"https://static.tigerbbs.com/3bfdb559c890249bf261380cb2bd5721","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577504972179170","idStr":"3577504972179170"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095448257","repostId":1156683751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9095443721,"gmtCreate":1644978405886,"gmtModify":1676533982743,"author":{"id":"3580356429010047","authorId":"3580356429010047","name":"Zwei2","avatar":"https://static.tigerbbs.com/9d0132a4cde9155d859c3873325d194e","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3580356429010047","idStr":"3580356429010047"},"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095443721","repostId":1156683751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9095443923,"gmtCreate":1644978274881,"gmtModify":1676533982719,"author":{"id":"3578020712938440","authorId":"3578020712938440","name":"Gaik11","avatar":"https://community-static.tradeup.com/news/a0fd75ec6b06214ed80c93a51cd113db","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578020712938440","idStr":"3578020712938440"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095443923","repostId":1156683751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9095457473,"gmtCreate":1644977938729,"gmtModify":1676533982664,"author":{"id":"3582248650466523","authorId":"3582248650466523","name":"Victorhc88","avatar":"https://static.tigerbbs.com/d72a1d9498132424b1eddb4db3c77265","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582248650466523","idStr":"3582248650466523"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095457473","repostId":1156683751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9095455258,"gmtCreate":1644977570732,"gmtModify":1676533982610,"author":{"id":"3568071651427696","authorId":"3568071651427696","name":"Billionaire Pinky Pig Monkey","avatar":"https://static.tigerbbs.com/3402225c0172781df7553e20722ebad7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3568071651427696","idStr":"3568071651427696"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095455258","repostId":1156683751,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":81,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1156683751"}