Warren Buffett’s Sirius XM Bet Defies Wall Street Skeptics
Berkshire Hathaway's continued accumulation of Sirius XM shares presents a striking divergence from analyst consensus. The Oracle of Omaha's firm initiated its position in 2016 through Liberty Media's tracking stock structure, persisting through the 2024 spinoff and subsequent 1-for-10 reverse split. Sirius now yields an attention-grabbing 5% dividend.
Market observers note the irony of Buffett embracing a Nasdaq-listed tech-adjacent stock while dismissing Bitcoin as "rat poison squared." The move coincides with renewed institutional interest in high-yield assets as Treasury yields retreat from decade highs. Sirius shares have traded sideways since the spinoff, creating what Berkshire may view as a discounted entry point.