Berkshire Hathaway Increases Stake in VeriSign

Berkshire Hathaway, led by Warren Buffett, has increased its stake in VeriSign, making the company its largest shareholder with a total of approximately $2.7 billion in shares. Recent SEC filings reveal that Berkshire acquired 377,736 shares over six trading sessions, valued at about $74 million. This brings Buffett's total ownership to 13.2 million shares, despite VeriSign's stock being down 2% year-to-date, while the broader S&P 500 has risen approximately 25%. The investment is driven by VeriSign's strong profit margins, which rank fifth in the S&P 500. Although the stock recently hit its highest point since January, it is still trading significantly below its record high from December 2021. Buffett's continued investment in VeriSign reflects confidence in the company's long-term growth potential in the domain registration sector.