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.

In the long term, Sirius XM does face some serious headwinds. Remote work has put a dent in subscriber growth, as many potential customers are no longer commuting regularly in their vehicles. Mounting competition from other streaming services continues to threaten the company's ability to attract and sustain its subscriber base.

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.

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.

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.