Berkshire Hathaway Increases Stake in VeriSign Amid Rising Stock Prices

According to PANews, Berkshire Hathaway, led by Warren Buffett, acquired approximately 20,044 shares of VeriSign common stock for around $4.1 million between December 31, 2024, and January 3, 2025. This marks the third investment in VeriSign by Berkshire Hathaway since December 2024. The company's stock price has been on an upward trend since December 19, 2024, possibly influenced by Berkshire's repeated investments. As of the close of trading on January 3, the stock was priced at $205.6, having reached a peak of $210, with a total market capitalization of $19.76 billion. In related news, VeriSign has been granted a patent by the United States Patent and Trademark Office (USPTO) for applying blockchain technology to domain names. VeriSign, which controls the ".com" and ".net" domains, has developed a patent titled "Domain Name Blockchain User Address." This patent outlines the key benefits and technical advantages of using DNS domain names within a blockchain network. The technology allows for the conversion of traditional domain names into "blockchain user addresses," facilitating interaction with other network participants.