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

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Tue, 11/05/2021 - 12:58
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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.   

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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.   

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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.   

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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