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Warren Buffett Boosts Stake in VeriSign by 143,424 Shares at $199.05 Each, Becoming Largest Shareholder with $2.7 Billion Stake

Dec 27, 2024, 02:38 PM

Warren Buffett, through his company Berkshire Hathaway, has increased his stake in VeriSign Inc., an internet domain registry company. On December 24, 2024, Buffett purchased an additional 143,424 shares of VeriSign at $199.05 per share, bringing his total ownership to 13,193,349 shares. This move has positioned Berkshire Hathaway as the largest shareholder of VeriSign, with a stake valued at approximately $2.7 billion. VeriSign, known for its high profit margins and ranking fifth in the S&P 500 for profitability, has been a long-term investment for Buffett, with initial purchases dating back to 2012. The company's stock has been relatively flat year-to-date, despite the broader market rally.