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Domain name registration company VeriSign fell more than 8%, and Buffett plans to reduce his holdings by one-third.
13hours ago

According to Odaily's Planet Daily, internet domain name registration company VeriSign fell over 8% to $281.51. Warren Buffett's Berkshire Hathaway plans to sell 4.3 million shares of VeriSign. Upon completion, its stake will fall below the 10% threshold required for disclosure. Berkshire Hathaway may sell an additional 515,000 shares if requested by the placement agent. As of the end of March, Berkshire Hathaway held 13.29 million shares of VeriSign, representing a 14.2% stake.

Verisign, which controls the ".com" and ".net" domain names, has reportedly been granted a patent by the U.S. Patent and Trademark Office (USPTO) for applying blockchain technology to domain names. The patent, titled "Domain Blockchain User Address," outlines the key benefits and technical advantages associated with using DNS domain names within a blockchain network. It enables domain names purchased in a traditional DNS environment to be used within a blockchain environment. Verisign explains that by applying this technology, the registry enables users to convert traditional domain names into "blockchain user addresses" and interact with other participants on the network.