Data Analytics Giant Palantir Considering Adding Bitcoin to Its Balance Sheet, Starts Accepting BTC as Form of Payment

Alex Dovbnya

Peter Thiel's Palantir has announced its plan to add Bitcoin to its balance sheet

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Tue, 11/05/2021 - 12:58

Data Analytics Giant Palantir Considering Adding Bitcoin to Its Balance Sheet, Starts Accepting BTC as Form of Payment

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Data mining company Palantir—which was co-founded by billionaire Peter Thiel has adopted Bitcoin as a means of payment during its earnings call, CNBC reports.

Hedge Fund Legend Stanley Druckenmiller Claims Bitcoin Is Here to Stay While Predicting That Ethereum Could Be Next Yahoo

The Denver-based data-analysis giant is also considering adding the largest cryptocurrency to its balance sheet:

Adding Bitcoin to our balance sheet is on the table. On the other side of that, we do accept it as payment.

Palantir had its much-anticipated initial public offering last September. The company's stock is down over 9 percent in pre-market trading, with the Bitcoin news failing to save the day.

Bitcoin is currently trading at $55,379 on the Bitstamp exchange.

#Bitcoin News #Cryptocurrency Adoption

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.