PANews reported on December 29 that according to Marketwatch, the latest SEC disclosure documents show that Berkshire Hathaway, owned by Buffett, spent an additional $28.55 million to purchase 143,424 shares of VeriSign, an Internet infrastructure service company, in the three trading days ending December 24. Together with the previously purchased shares, Berkshire currently holds 13.7% of VeriSign's issued shares, worth nearly $2.7 billion. It is reported that one of the reasons why Buffett is interested in VeriSign may be that it ranks high in various profit margin indicators among the companies in the S&P 500 index.
It is reported that Verisign has previously been granted a patent by the U.S. Patent and Trademark Office (USPTO) for applying blockchain technology to domain names. It is reported that Verisign has control over the ".com" and ".net" domain names. The patent, called Domain Name Blockchain User Address, outlines some of the main benefits and technical advantages associated with registrants using DNS domain names in blockchain networks. It can support the use of domain names purchased in traditional DNS environments in blockchain environments. Verisign explained that by applying this technology, the registry enables users to convert traditional domain names into "blockchain user addresses" and interact with other participants on the network.
