The post Warren Buffett bought $90 million of this stock in 30 days appeared on BitcoinEthereumNews.com.

In the second half of 2023, Warren Buffett’s extensive selling, particularly of Bank of America (NYSE: BAC) shares, spooked many traders about the state of the economy as the legendary ‘Oracle of Omaha’ built a massive cash pile. More recent trends, however, show that the famous investor is again using the money to build equity positions, with his biggest trades in recent weeks being centered on VeriSign (NASDAQ: VRSN), as revealed through Finbold’s insider activity tracker. Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Enable signal Specifically, between December 19 and January 3, Buffett reported four massive VRSN buys executed between December 17 and December 31. These trades were made at average prices between $193.77 and $204.71. The first investment was simultaneously the largest as it involved 234,312 VeriSign shares and amounted to nearly $45.5 million. The latest was likewise the smallest as it saw the billionaire buy 20,044 shares for $4.1 million. In total, Buffett purchased 474,267 VRSN shares for a total of $93.6 million in the last 30 days, bringing his total stake in the company up to 13.2 million shares. Latest Berkshire Hathaway filing for VRSN stock buy. Source: SEC Buffet has been buying VRSN stock for a decade Indeed, the latest string of purchases is more of a continuation of a long-term bet than a discovery of a new and promising stock.  Warren Buffett and his Berkshire Hathaway (NYSE: BRK.A, BRK.B) have been maintaining a stake in VeriSign since 2012 and substantially expanded their holdings in 2014, though there was also a slight trimming in 2020. Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange…

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Filed under: News - @ January 13, 2025 1:28 pm