Legendary stock picker Warren Buffett has refused to include cryptocurrencies, including Bitcoin (CRYPTO: BTC), in his firm Berkshire Hathaway Inc.’s (NYSE:BRK) (NYSE:BRK) portfolio, but the holding company, interestingly, has exposure to a firm that pitches the apex cryptocurrency as an inflation hedge.
What happened: According to the latest 13F filing, Berkshire Hathaway holds 433,558 shares of financial services company Jefferies Financial Group Inc. (NYSE:JEF), worth nearly $34 million.
The New York City-headquartered firm operates in investment banking and capital markets, and asset management businesses.
Notably, Jefferies holds a sizeable stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT), the world’s largest spot exchange-traded Bitcoin fund. Filings with the SEC revealed that …
