Alphabet’s $10 billion share placement to a Berkshire Hathaway affiliate expanded Berkshire’s reported stake as the company said proceeds would support artificial intelligence infrastructure and computing capacity.
The transaction closed June 4, Alphabet said. The Berkshire affiliate received 14 million Class A shares and 14 million Class C shares. Alphabet said the placement proceeds would fund corporate needs, including new AI infrastructure and computing capacity. The placement brought Alphabet $10 billion and gave the affiliate a stake through the two share classes.
Berkshire reported 105,979,600 Alphabet shares at June 30, after listing 57,835,013 at March 31 and 17,846,142 at year-end 2025. Alphabet was not among Berkshire’s five largest equity holdings at the end of March.
Berkshire’s second-quarter cash-flow figures show a $19.774 billion gap between $23.467 billion in equity purchases and $3.693 billion in sales. The first quarter was a net-selling period, while Berkshire’s six-month totals showed $39.405 billion in purchases and $27.780 billion in sales, for net purchases of $11.625 billion. EconoTimes previously outlined Berkshire’s second-quarter stock buying.
At June 30, Berkshire’s insurance and other businesses held $359.2 billion in cash, cash equivalents and U.S. Treasury bills, after accounting for payables on unsettled purchases. The balance was more than nine times the company’s stock purchases during the first half.
Greg Abel took over as Berkshire CEO Jan. 1. In a July 15 interview with CNBC, Buffett said he chose the Alphabet investment, while Abel retained authority over the final decision.
Berkshire reported $377.4 billion in cash, cash equivalents and short-term U.S. Treasury bills for Sept. 30, roughly 1% above its Dec. 31, 2025, total. The third-quarter results combine all three categories.
