Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) has recently increased its stake in Sirius XM Holdings Inc. (SIRI), now owning over 35% of

Warren Buffett’s Berkshire Hathaway has spent another $54 million to purchase Sirius XM stock, giving it a stake of more than 35% in the satellite-radio company.

SiriusXM disclosed that its outstanding shares stood at nearly 338.77 million in its annual 10-K report published late last month. This update reflects Berkshires increased stake in the company, rising from 34.

Warren Buffett continued to increase his stake in the satellite streaming and radio company as it grew the podcasting business and ramped up its customer base through in-car services in Tesla and Rivian EV models.

Key Takeaways Berkshire Hathaway has bought more shares of satellite radio broadcaster SiriusXM, a new SEC filing shows.Shares of the owner of its namesake satellite provider and the Pandora streaming service rose Tuesday.

Shares of Sirius XM Holdings, Inc. (SIRI) rose early Tuesday as Warren Buffett-led Berkshire Hathaway, Inc. (BRK-A) (BRK-B) disclosed in a late Monday SEC filing that it has increased its stake in the New York-based broadcasting company.