Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!

Industry Information 30 Dec 2024 04:20:05 PM By:DN editor
Abstract:

Recently, Berkshire Hathaway, owned by legendary investor Warren Buffett, has attracted widespread attention for its investment in VeriSign. It is estimated that Buffett has earned about $2.19 billion since investing in VeriSign.

Recently, Berkshire Hathaway, owned by investment legend Warren Buffett, has attracted widespread attention in the market for its investment in VeriSign. It is estimated that Buffett has earned about $2.19 billion since investing in VeriSign.

Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!

((Data source: Doubao AI))

VeriSign: An important role in the domain name industry

VeriSign is the world's leading domain name registration and management company, responsible for managing registration services for generic top-level domain names such as .com, .net, and .name, as well as country code top-level domain names such as .cc. With its unique position in the domain name industry, VeriSign plays a key role in the global Internet infrastructure.

Berkshire Hathaway began buying VeriSign shares in the fourth quarter of 2012 and gradually increased its holdings. By September 30, 2023, Berkshire Hathaway held 12.82 million shares of VeriSign, with a market value of $2.6 billion. Buffett's investment income was as high as $2.19 billion.

Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!

Increase investment: Buffett's recognition of the domain name industry

In December 2024, Berkshire Hathaway once again increased its investment in VeriSign and increased its holdings twice:

The first increase was from December 17 to 19, with an increase of 234,300 shares, and VeriSign's stock price immediately rose by 3%.

The second increase occurred from December 20 to 24, with an increase of 143,400 shares. These increases made Berkshire Hathaway one of VeriSign's major shareholders.

Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!

(Data source: Sina Finance)

There are two main reasons behind Buffett's decision to increase his holdings in VeriSign:

Strong business potential: VeriSign's unique position in the global Internet infrastructure provides it with strong long-term growth potential. As the global digital transformation accelerates, the demand for the Internet and domain names will continue to grow.

Meet the value investment criteria: VeriSign's financial performance is solid, with a gross profit margin of 88.02% and a net profit margin of 51.54% in the third quarter of 2024, which is an excellent performance among S&P 500 companies.

Although Buffett has always been conservative about virtual assets such as Bitcoin, believing that they lack intrinsic value and stable currency attributes, this increase in VeriSign shares shows his high recognition of the domain name industry as part of digital assets and its future development potential.

Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!

(Data source: Sina Finance)

Investment potential of the domain name industry

With the rapid development of the Internet and digital economy, the value of domain names, as an important part of digital assets, has risen significantly. High-quality domain names not only bring strong brand effects to companies, but also have high liquidity and investment return potential in the market. Buffett's investment choice undoubtedly reflects the recognition of the huge potential of domain names as an asset class, especially in the context of global digital transformation.

In China, Mr. Dai Yue is known as the "Buffett of the domain name circle". With his keen market vision and deep insight into the development of the industry, he invested in multiple domain names with less funds in the early stage. With the development of the Internet, the value of these domain names gradually increased and accumulated rich returns. Mr. Dai Yue's successful investment experience shows the huge investment potential of the domain name industry, especially today when the Internet is becoming more and more popular.

Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!

(Generated by Doubao AI)

Domain name trading platform: looking for investment opportunities

Today, domain names, as an emerging investment method, have attracted more and more investors. As the world's leading domain name trading platform, DN.com is committed to providing professional and secure domain name trading services for individual investors and corporate users, helping users to find more investment opportunities in the domain name market.

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Breaking news: Buffett made a huge profit of $2.19 billion by investing in domain name stocks!