Editor’s note: The story has been updated to correct the amount being raised.

CEO Sees Strategy’s Win In Google’s Raise

In an X post, Le pointed out that Google’s proposed $80 billion equity capital raise, now upsized to $84.75 billion, includes  $15 billion convertible preferred stock and a $40 billion at-the-market offering, instruments that Strategy has used before.

The fundraising initiative, by far the largest and most notable capital raise in Alphabet’s public history, is explicitly designed to expand its AI infrastructure and global compute capabilities.

“Financing tools popularized by MSTR to acquire Bitcoin are now being used by a Mag 7 company to build AI,” Le…

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