As 2024 drew to a close, Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) doubled down on its largest internet holding, VeriSign (VRSN). From Dec. 26 through Dec. 30, Berkshire acquired an additional 76,487 shares worth $15.6 million, bringing its total stake in the internet company to 13.2 million shares valued at approximately $2.7 billion. This vote of confidence from the Oracle of Omaha has thrust VeriSign into the spotlight as a potential dark horse for 2025.
VeriSign operates as the backbone of the internet, managing .com and .net domains and running critical infrastructure like two of the 13 global root servers. The domain name industry, VeriSign’s core market, continues to grow steadily. By the third quarter of 2024, there were 362.3 million registered domains globally — a 0.8% year-over-year increase — and the broader domain tools market is projected to grow at a CAGR of 10.2% through 2030.
