The Colorado-based data analytics company, which was founded by billionaire Peter Thiel, has sales of $ 30 billion and is now accepting Bitcoin from customers as a means of payment.
According to a CNBC report, Palantir said today during its earnings presentation for the first quarter of 2021 that it has started accepting Bitcoin (BTC) payments. Likewise, The company is considering following in Tesla and MicroStrategy’s footsteps by adding BTC on its balance sheet and saying the crypto asset is “definitely on the table”. Palantir will likely have more than $ 2 billion in cash available for investment.
MicroStrategy was one of the first large companies to introduce Bitcoin as a reserve asset, making multiple multi-million dollar cryptocurrency purchases in 2020 and 2021. Tesla entered the crypto room in February and announced it had purchased $ 1.5 billion worth of Bitcoin. The automaker then sold 10% of its cryptocurrency holdings “to demonstrate Bitcoin’s liquidity as an alternative to cash settlement.”
Thiel also helped found PayPal, which launched cryptocurrency trading in late 2020. In April, the PayPal payment platform Venmo introduced cryptocurrency trading for BTC, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).