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The Daily Hodl 2024-12-21 19:37:54

Billionaire Warren Buffett Abruptly Pours $563,000,000 Into Three Assets After Ditching Apple, Bank of America

Billionaire Warren Buffett Abruptly Pours $563,000,000 Into Three Assets After Ditching Apple, Bank of America

Billionaire Warren Buffett just poured more than half a billion dollars into three assets. After dumping huge positions in Apple and Bank of America and hoarding $325 billion in cash, new SEC filings show the Berkshire Hathaway chairman and CEO has bought $405 million of Occidental Petroleum (OXY). Occidental Petroleum is a global energy company involved in oil and gas exploration and production, with further ventures in chemicals and low-carbon initiatives. OXY is down 21% since the start of the 2024, dropping from $60.05 to $47.13 at time of publishing. Meanwhile, Buffett has also purchased $113 million in Sirius XM Holdings (SIRI) and $45 million in VeriSign (VRSN). Sirius XM offers satellite and streaming radio services across North America, with its stock down 57% since the start of 2024, from $54.90 to $23.08. VeriSign is a global provider of domain name registry services and internet security solutions, with shares down 1.35% year-to-date, from $201.56 to $198.84. Buffett completed purchases of the three companies last week and was required to report the buys immediately because Berkshire now owns more than 10% of each company. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Warren Buffett Abruptly Pours $563,000,000 Into Three Assets After Ditching Apple, Bank of America appeared first on The Daily Hodl .

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