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Buffett continues to make moves, continuously buying a broadcasting company
On October 15th, Jinshi Data reported that Buffett’s investment company, Berkshire Hathaway, has been continuously buying shares of Sirius XM, with a total value of $86.73 million. According to the regulatory filing, Berkshire Hathaway bought 869,800 shares of Sirius XM stock on Wednesday; on Thursday, it bought 917,800 shares and 517,200 shares of the company’s stock through two separate transactions; on Friday, it bought an additional 1,259,300 shares of the company’s stock. Roughly calculated, Berkshire Hathaway bought approximately $86.73 million worth of Sirius XM stock in three days, increasing its total holdings in the company to 108.72 million shares. It was reported that as early as November 2023, Berkshire Hathaway had disclosed its stake in Sirius XM.