Warren Buffett-Backed Nubank Buys Bitcoin, Adds Trading

  • Nubank now enables its customers to purchase bitcoin in its mobile app.
  • Nubank will also allocate 1% of its portfolio to bitcoin to “strengthen the company’s conviction” in the potential of bitcoin, the firm said.
  • Bitcoin critic Warren Buffet owns Nubank shares through his holding company Berkshire Hathaway, giving the investor indirect exposure to BTC.

Nubank, the largest Brazilian digital bank, now allows customers to buy, sell and hold bitcoin in the bank’s mobile application, the company said in a statement Wednesday.