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Alphabet Increases Fundraising Target to $84.75 Billion from $80 Billion on June 3

2026-06-03 13:37:22

According to BlockBeats, Alphabet announced on June 3 that it increased its planned equity fundraising target to $84.75 billion from $80 billion. The capital raise comprises three components: a $40 billion at-the-market (ATM) offering planned for Q3, $30 billion in underwritten common and convertible preferred stock, and a $10 billion directed private investment to Berkshire Hathaway. The funds will support expanded AI infrastructure and self-developed chip production to address growing computational demands.

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