Yet, Buffett’s Berkshire Hathaway is doubling down on the company, which it first invested in more than a decade ago. The conglomerate bought up about 377,736 shares totaling around $74 million in trading sessions leading up to Dec. 24, MarketWatch reported.

VeriSign is ranked 5th in the S&P 500 for the highest profit margin, at about 56%, tied with Nvidia, according to third-quarter financial data.

Warren Buffett has invested more than $74 million in a Reston company best known for controlling internet domains for organizations across the globe.

Geico, and pension plans of other Berkshire Hathaway units bought nearly $30 million of shares of domain-name registry firm VeriSign.