Google’s $84 Million Capital Raise Uses Tools ‘Popularized’ By Michael Saylor’s Strategy, Says Phong Le: Is It Just Old Wine In A New Bottle?
Strategy Inc. (NASDAQ:MSTR) CEO Phong Le said on Wednesday that financial tools popularized by the firm were employed in Google parent Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) proposed capital raise.
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 said. “AI and Bitcoin are the digital rails of the future.”
Le attached a graphic that traces the preferred capital’s trajectory, its mid-20th century decline, and “re-emergence” in digital asset and compute financing in the 21st century.
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