Berkshire Hathaway (NYSE: BRK.B) agreed to invest $10 billion in Alphabet (NASDAQ: GOOGL) as part of Google’s latest $80 billion equity capital raise, per a document shared by the technology giant on June 1, 2026.
Specifically, the former textile company turned investing powerhouse by Warren Buffett agreed to purchase $5 billion worth of Class A Common Stock (GOOGL) and an equal amount of Class C Capital Stock (GOOG) in a private placement.
Additionally, Berkshire will receive the shares at a discount relative to the latest closing price. Indeed, the conglomerate will be purchasing GOOGL at $358.81 and GOOG at $348.20, while the former ended the Monday session at $376.37 and the latter at $372.58.
The move simultaneously represents an expansion of the position originally established in the third quarter (Q3) of 2025 before Warren Buffett retired as the CEO and moved into the position of Chairman with the conglomerate.
Berkshire Hathaway to invest $10 billion as part of Alphabet’s $80 billion equity offering
Elsewhere, Berkshire Hathaway’s $10 billion investment comes as part of Google’s latest capital raising effort that is set to, in total, accumulate $80 billion via an equity offering.
Out of the overall figure, $30 billion is in the form of underwritten public offerings – half in GOOGL and half in GOOG – and $40 billion will be offered as an at-the-market (ATM) program.
Alphabet also revealed that Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), and JPMorgan (NYSE: JPM) will serve as joint book-running managers for the underwritten offerings, and Goldman will also act as a placement agent in relation to the private placement.
Why Alphabet is selling $80 billion of Google stock
The blue-chip technology giant linked the move to its ongoing artificial intelligence (AI) drive, though it earmarked the funds as divided across a variety of uses, including general corporate purposes, paying the cost of the related capped call transactions, and meeting, ‘for a period of time,’ an administrative change in handling tax obligations from employee equity award vesting.
AI-related capital expenditures (CapEx) were highlighted as particularly important.
Notably, Alphabet not only reiterated its expectation that it will spend up to $190 billion in CapEx through 2026, but also reaffirmed the amount will be significantly higher in 2027.
The firm also cited its operating cash flow for the 12 months ended on March 31, 2026, as standing at $174 billion and stated it issued $85 billion worth of debt during the previous year, thus bringing the total balance to ‘over’ $100 billion.
Google discloses token burn and subscriber figure, but no AI revenue
Curiously, while Google provided specific figures for overall and division-specific revenue, and overall subscribers, it offered little in terms of specifics with regard to AI.
Rather than citing sales, profits, costs, or any other financials related to the technology, the firm just noted the number of developers using its models and the number of tokens burned each minute:
Google now has over 8.5 million developers building new experiences with its models monthly and its first party model APIs are processing 19 billion tokens perminute, a 6x increase year-over-year.
At press time in the first hour of the June 2 pre-market, GOOGL shares were down 1.74% from their latest closing price of $376.37 and at $369.82. GOOG declined 1.85% from $372.58 to $365.70.
Featured image via Shutterstock
