According to ChainCatcher, Buffett's Berkshire Hathaway has increased its holdings by $28.55 million to purchase 143,424 shares of VeriSign stock over the three trading days ending December 24.
Including previously acquired shares, Berkshire currently holds 13.7% of VeriSign's outstanding shares, valued at nearly $2.7 billion. One reason Buffett is interested in VeriSign is its high profitability metrics among the S&P 500 component companies.
VeriSign has been granted a patent by the U.S. Patent and Trademark Office for the application of blockchain technology to domain names, holding control over the '.com' and '.net' domain names. The patent supports the use of traditional DNS domain names in a blockchain environment.
