Warren Buffett's Berkshire Hathaway recently increased its stake in VeriSign, an Internet infrastructure service company.
According to documents submitted by Berkshire Hathaway to the US Securities and Exchange Commission (SEC), it purchased a total of 143400 shares of Verisign from December 20th to December 24th for a total amount of approximately $28.5 million, equivalent to 210 million yuan. After this increase in holdings, Berkshire Hathaway holds a total of 13.1933 million shares of Verisign.
Previously, Berkshire Hathaway increased its stake in the company by 234300 shares from December 17 to December 19, at a cost of approximately $45.4 million. As of the latest disclosure, the total cost of the two rounds of increased holdings was about 73.95 million US dollars, equivalent to 540 million yuan.
Data shows that VeriSign is a global Internet infrastructure service company, providing domain name registration services, digital certificate issuance and related network security services. The company collectively calls their business "intelligent infrastructure services".