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.

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

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

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

Sirius XM Holdings (NASDAQ: SIRI) has had a rough time of late, falling nearly 60% in value over the past 12 months. Berkshire Hathaway, led by Warren Buffett, now holds a stake worth several billion dollars.

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.

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.