Best penny stock newsletters 202012/26/2023 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.
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