![]() ![]() The company also swung to an adjusted Q1 profit. It topped revenue estimates and reached record levels. Nu recently reported solid earnings for its first quarter. Its parent company has also taken steps to invest in Bitcoin. In this case, Nu is beginning to launch Bitcoin and Ethereum trading for customers. ![]() Where do cryptocurrencies come into the picture? The cross-over into digital currencies would seem obvious as a digital banking business. The company provides digital banking services to nearly 60 million customers across Brazil, Colombia, and Mexico. Whether that was the intention or not is secondary to Nu’s latest developments. Many are calling this Buffett’s bet on Bitcoin. However, the last three sessions have been some of the most active since Nu went public. Earlier this month, the Fintech stock hit fresh lows of $3.32. Following day one highs of $12.24, NU stock hasn’t done much besides drop. Shares of Nu Holdings haven’t been kind to investors since last year’s IPO. VivoPower International ( NASDAQ: VVPR).Yes, that also includes the Oracle of Omaha, Warren Buffett. Many currently have positions in penny stocks. The recent flood of 13F filings that have come out shows where Wall Street funds stand on their holdings. In any case, other investors aren’t so secretive about the penny stocks they own. He apparently didn’t realize that his stake in IMAC stock put him over that threshold, he said in an interview this week. He has said that he tries to avoid owning more than 5% of a particular stock (which would require a disclosure to be filed). What’s more, some of these investors, like Peter Lynch, seem to want to keep their penny stocks to themselves. Einhorn, Lynch, Cohen & Dalio are just a few of the names holding penny stocks on their list. Nevertheless, these investors seem to favor the underlying companies, and for retail investors, that has become a vote of confidence in the stock market. Thanks to the pandemic sell-off and stock market crash in 2022, that wasn’t by choice in most cases. Spoiler alert: some of the stock market’s biggest investors and funds hold shares of stocks under $5. If you didn’t read our article this week, you’ve got a big surprise. You might not think that some of Wall Street’s most prominent investors own penny stocks. ![]()
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