TechFlow news — On January 4, according to Securities Times, Berkshire Hathaway, led by Warren Buffett, purchased 20,044 shares of VeriSign for approximately $4.1 million between December 31, 2024, and January 3, 2025. This marks the third time Berkshire has increased its stake in the company since December 2024, having previously invested $45 million to acquire 234,000 shares from December 17 to 19, and $28.55 million to buy 143,424 shares before December 24.
Notably, VeriSign not only leads in the domain name registration service sector but also holds a patent for applying blockchain technology to domain names. The company's gross margin reached 88.02% in the third quarter, ranking 11th among S&P 500 components. Following the news of the share purchase, VeriSign's stock price has risen to $205.60, with a total market capitalization reaching $19.76 billion.
