Palantir Technologies Accepts Bitcoin Payments, May Hang On Balance Sheet

Peter Thiel’s information analytics firm Palantir Technologies is accepting bitcoin payments and might quickly hold BTC on its balance sheet.

Information analytics company Palantir Technologies revealed throughout a current revenues call that it accepts bitcoin as a type of payment from consumers and is thinking about holding BTC on its balance sheet.

” Throughout the call, a financier asked ‘could you ever see Palantir having bitcoin or any other kind of cryptocurrency on its balance sheet?'” according to TheStreet Crypto “In action, Palantir’s CFO, David Glazer stated, ‘The brief response is yes. We’re thinking of it and we have actually even discussed it internally. If you have a look at our balance sheet there’s $2.3 billion in money at quarter-end consisting of $151 million in capital in Q1. It’s certainly on the table from a treasury point of view as well as other financial investments as we look throughout our organization and beyond.”

Glazer went on to keep in mind that “in regards to accepting bitcoin from our clients, we do accept it as a type of payment. We’re open for service there.”

Palantir is a publicly-traded business with a market capitalization of more than $37 billion It was established by PayPal cofounder Peter Thiel, whose Creators Fund equity capital company purchased some $15 million worth of bitcoin in2017 Palantir reported 49%profits development in the very first quarter of2021

In accepting bitcoin for payment, Palantir is amongst a wave of numerous other big business that have actually just recently included this choice– consisting of, Outdoor Camping World, WeWork and Caruso And if it were to follow through on its factor to consider and hold BTC on its balance sheet, Palantir would sign up with the similarity Tesla, MicroStrategy, Square and Nexon

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Palantir Technologies Accepts Bitcoin Payments, May Hang On Balance Sheet

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