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.

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

Sirirus XM Holdings stock had a strong correction last year. That has pushed its dividend yield up to historic highs. For most of its history, Sirius XM did not issue a dividend. This makes sense when you remember the company's history.

This was the stock's second consecutive day of gains.

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.

Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) has further raised its bet on Sirius XM Holdings (NASDAQ:SIRI), boosting its stake to over 35%, latest regulatory filings show. The conglomerate acquired around 2.