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.

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

The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million shares for about $54 million in separate transactions Thursday through Monday.

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.

Buffett strongly believes in concentrating Berkshire Hathaway's investment capital into his best ideas. Five top-tier companies, with clear competitive advantages and phenomenal capital-return programs,

Though progress is being made on the housing supply, home prices are still rising and outpacing inflation. Realtor.com expects the existing home supply to increase by 11.7% this y

Warren Buffett recently bought shares in Occidental Petroleum, Sirius XM and VeriSign. Berkshire Hathaway now holds over 10% of each of these companies.

Warren Buffett, the CEO of Berkshire Hathaway, has surprised many by selling large amounts of Apple stock. Berkshire Hathaway now has a record $325 billion in cash. This is the highest level ever for the company.