You Won’t Believe Where Warren Buffett Just Threw $459 Million After Snubbing Big Banks 😱

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In a world dusty with fortunes and whispering halls of banks, where the echo of a dollar bill falling is likened to the crash of civilizations, old Warren—our sage of Omaha—decided to cast aside the opulent giants: Bank of America, JPMorgan Chase, and Wells Fargo. To their boardrooms he has said, “No, thank you, my old friends; your tea is no longer to my taste.”

What did he do next, you ask? Did he buy a vineyard in the Crimea? A herd of wild horses for his garden? Ah, if only! Instead, upon perusing the firm parchment of Berkshire Hathaway’s Form 13F with a knowing squint, we see that Warren—just as your grandmother might stuff the sofa with a new mattress—ol’ Warren buys twenty million shares of Sirius XM. Twenty million! At $22.95 a share. That’s $459 million down, give or take a few small countries’ GDPs.

There now sits Berkshire with SIRI shares piled high—a princely sum of 119,776,692, worth about $2.9 billion. This makes Buffett not just a major investor, but practically the Santa Claus of satellite radio, owning over 35% of the company’s outstanding shares. If Sirius XM ever needs a new radio show, “Warren’s Whimsies” is surely in development.

This keen-eyed plunge into Sirius XM is, as the smart folk say, an attempt to “buy the dip.” Which, if anything, is also what one does with potato chips. Sirius XM isn’t just a company; it’s a grand bazaar of music, news, sports, and the kind of comedy that makes you question your life choices, all beamed from the heavens.

But do not be fooled—the price of SIRI, much like a Russian winter, has been harsh. The stock has tumbled 45% from its dizzying high of $41.60 down to $24.29. Meanwhile, the S&P 500 has been out dancing and gaining over 30%. Sirius, it seems, brought a balalaika to a brass band.

As for their recent exploits? In Q1 2025, revenues dropped 4% to $2.07 billion and earnings-per-share slumped 6% to $0.59. The learned analysts were not impressed (they rarely are, unless someone brings pastries). Q2 was not much kinder—subscriber numbers thinner, revenue down a further 5%. Naturally, the boardroom asked, “Who let the bears loose?”

Yet amidst these statistics, a glimmer: Sirius XM doles out a 5.2% dividend yield, wooing income-focused romantics like Buffett, who see beyond the numbers. For him, Sirius is no failed enterprise, but a seasoned steed—battered, yes, but with good pedigree, recurring revenue, and perhaps, a secret song still unsung. 🎵💸

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2025-07-04 22:03