Domain registration company VeriSign fell over 8%, Buffett plans to reduce his holdings by 1/3.

Odaily News The market shows that the internet domain registration company VeriSign fell over 8%, reporting at 281.51 USD. On the news side, Berkshire Hathaway, under Buffett, plans to sell 4.3 million shares of VeriSign. After the sale is completed, its shareholding will fall below 10%, which is the legal threshold for reporting shareholding ratios. If the placement agent requests, Berkshire Hathaway may additionally sell 515,000 shares. As of the end of March, Berkshire Hathaway held 13.29 million shares of VeriSign, with a shareholding ratio of 14.2%. It is reported that Verisign has previously obtained a patent granted by the United States Patent and Trademark Office (USPTO) for applying blockchain technology to domain names. It is reported that Verisign controls the domains ".com" and ".net". The patent is named "Domain Blockchain User Address", outlining some key benefits and technical advantages related to the use of DNS domain names by registrants in the blockchain network. It can support the use of domain names purchased in traditional DNS environments within a blockchain environment. Verisign explains that by applying this technology, the registration center enables users to convert traditional domain names into "blockchain user addresses" and interact with other participants on the network.