Warren Buffet Invests $82M in U.S. Stock Market: A Crypto Perspective

• Warren Buffet's Major 'Buy' Transaction in U.S. Stock Market
• Berkshire Hathaway Increases Shares in Liberty SiriusXM
• Buffet Continues as Top Buyer in U.S. Stock Market
• Ownership Stakes Held by Berkshire Hathaway

Warren Buffet's Major 'Buy' Transaction in U.S. Stock Market

Acclaimed investor Warren Buffet has executed the most substantial 'buy' transaction in the U.S. stock market on Wednesday. Buffet's investment company, Berkshire Hathaway, has expanded its portfolio through the large-scale purchase of stocks in the Liberty SiriusXM Group (LSXMA). The substantial transaction was executed on January 17, 2024, when Berkshire Hathaway bought 1,591,178 stocks in Liberty SiriusXM Group. The total value of the purchase from Buffet's investment firm was approximately $82 million, with the trading price of Liberty SiriusXM stocks being $30.39.

Berkshire Hathaway Increases Shares in Liberty SiriusXM

Berkshire Hathaway has significantly increased its shares in Liberty SiriusXM through this large-scale purchase, now owning 22,889,612 stocks. This acquisition occurred just weeks after Buffet purchased the same stock and continues to steadily grow.

Buffet Continues as Top Buyer in U.S. Stock Market

Warren Buffet is currently contemplating the purchase of stocks from Occidental Petroleum (OXY) and rebuying shares from Berkshire Hathaway this year. Buffet plans to initiate stock buybacks in Berkshire Hathaway, potentially repurchasing shares worth billions of dollars.

Berkshire Hathaway is permitted to repurchase its own shares at any time, provided the price is lower than the stock's intrinsic value. The sole precondition is that Berkshire Hathaway must maintain a balance of $30 billion worth of cash, cash equivalents, and U.S. Treasury bills. Upon meeting these criteria, Buffet can commence stock buybacks, enhancing his position in the U.S. stock market.

Ownership Stakes Held by Berkshire Hathaway

Berkshire Hathaway presently holds ownership stakes in over 65 companies across the U.S. stock market. These investments span across a diverse range of sectors including technology, oil and gas, entertainment, and media. The conglomerate's net worth as of 2024 is around $122 billion, and this figure may increase if the U.S. stock market rallies this year. Currently, Buffet stands as the 10th richest person globally and the sixth richest person in the U.S.

Edited by Jonathan Stoker