Pokexia increases stake in VeriSign, becoming its largest shareholder. Does Buffett also see its blockchain patents?

Berkshire Hathaway, the stock god Buffett's company, recently increased its holdings in VeriSign and became its largest shareholder. Who is VeriSign and why can it continue to increase its holdings for Berkshire, which sold stocks and held a large amount of cash this year?

VeriSign holds multiple blockchain patents

VeriSign is a domain registration service and internet infrastructure provider founded in 1995. It is primarily responsible for managing top-level domains such as .com and .net, ensuring the security, stability, and reliability of the Domain Name System (DNS).

According to reports, VeriSign has obtained multiple patents related to blockchain, mainly involving the technology of linking domain names with blockchain addresses. For example, selling and transferring domain names on the blockchain. This technology allows users to use traditional domain names in a blockchain environment and convert them to on-chain user addresses.

VeriSign is known for its high profit margin and stable business model, making it a focus of attention for many investors. Berkshire Hathaway first purchased the company's stock in the fourth quarter of 2012.

VRSN net profit margin as high as 51%

According to the documents submitted by Berkshire Hathaway to the U.S. Securities and Exchange Commission (SEC) last week, the company increased its holdings of VeriSign by $28.55 million in the three trading days ending on 12/24. Combined with its previous holdings, Berkshire Hathaway now owns 13.7% of VeriSign's issued shares, worth nearly $2.7 billion, making it the largest shareholder.

According to its financial data for the third quarter, VeriSign's net margin reached 51%. Despite this year's stock performance being inferior to the overall technology sector, the company's monopolistic position in the domain registration market and stable source of income still make it a long-term investment value. This investment also reflects Berkshire Hathaway's emphasis on core technological infrastructure. During a period of selling a large amount of Apple stock with cash in hand, the stock that can attract the interest and attention of investors by allowing the stock god Buffett to increase investment, also particularly arouses the interest and attention of investors.

In addition to VeriSign, Blackstone also increased its holdings in Western Petroleum and satellite broadcaster Sirius XM.

(Pokexia has a lot of cash on hand, and a large amount of funds is pouring into the leveraged market. Is the irrational prosperity bubble coming?)

Pokka Shaw increases its stake in VeriSign and becomes the largest shareholder. Does Buffett also see its blockchain patents? This article first appeared on Chain News ABMedia.