Palantir Starts Accepting Bitcoin, May Add to Balance Sheet
source link: https://www.trustnodes.com/2021/05/11/palantir-starts-accepting-bitcoin-may-add-to-balance-sheet
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Palantir, one of the biggest data analytics company co-founded by Peter Thiel which rumor has it located Bin Laden, has announced in an earnings call they now accept bitcoin.
Among revelations their revenue grew by 49% to $341 million, the company also said they are now considering adding bitcoin to their balance sheet.
Thiel himself is a long time bitcoiner, since probably around 2014, and ethereum’s co-founder Vitalik Buterin was a fellow at the Thiel Fellowship around 2013-14.
Such decision by Palantir therefore wouldn’t be surprising in some ways, but in many ways it strengthens the trend of bitcoin being used as a store of value at the corporate treasury level.
Plantir’s stock has seen a beating however, down 6.5% yesterday, with some considering it a meme stock while others say it might balloon.
So whether this decision is just to add some crypto sparkle to their stock performance, or they actually have a strategy, is not clear.
What is very clear however is that bitcoin is seeing some serious adoption as a reserve currency.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK