Emre Yumlu 
Warren Buffett Capitalizes on Market Decline with Three Key Stock Purchases
Through Berkshire Hathaway, Warren Buffett took advantage of recent market downturns by acquiring three significant stocks over the past three days.
While both the crypto and traditional financial markets have suffered substantial losses since Wednesday evening, the renowned investor saw this decline as a buying opportunity. During these turbulent times, Buffett’s strategic investment approach once again stood out.
Buffett focused on acquiring assets at lower prices, leveraging market volatility and macroeconomic uncertainties to create long-term value. This strategy aligns with his well-known philosophy of “buying during panic,” which has been admired and emulated by investors for decades.
Under Buffett’s leadership, Berkshire Hathaway executed three stock purchases in three days.
According to CNBC, the most notable acquisition took place in the energy sector with Occidental Petroleum. Berkshire increased its stake in the company to over 28%, investing $405 million. These transactions occurred on Tuesday, Wednesday, and Thursday.
Warren Buffett Makes $560 Million in Purchases Over Three Days
During the same period, Berkshire Hathaway made two additional significant stock acquisitions. The company purchased 5 million shares of Sirius XM for $113 million and 234,000 shares of VeriSign for $45 million.
By capitalizing on market declines, Buffett’s company invested a total of $560 million over the past three days.
Occidental Petroleum, whose shares have fallen more than 10% this month, remains Berkshire Hathaway’s sixth-largest holding.
Sirius XM, a smaller investment, saw a 23% decline last month.
VeriSign’s losses in 2024 have been limited to 6%.
Earlier this summer, Buffett made headlines by selling half of Berkshire’s Apple holdings for $85 billion, a move that attracted significant attention.
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