{"id":16545,"date":"2021-05-11T15:59:24","date_gmt":"2021-05-11T15:59:24","guid":{"rendered":"http:\/\/ci0282d65f40002458"},"modified":"2021-05-11T15:59:24","modified_gmt":"2021-05-11T15:59:24","slug":"palantir-accepts-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/palantir-accepts-bitcoin","title":{"rendered":"Palantir Technologies Accepts Bitcoin Payments, Might Hold On Balance Sheet"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Data analytics firm Palantir Technologies announced during a recent earnings call that it accepts bitcoin as a form of payment from customers and is considering holding BTC on its balance sheet.<\/p>\n<p>\u201cDuring the call, an investor asked \u2018could you ever see Palantir having bitcoin or any other type of cryptocurrency on its balance sheet?\u2019\u201d according to <a href=\"https:\/\/www.thestreet.com\/crypto\/bitcoin\/palantir-to-start-accepting-bitcoin-and-on-balance-sheet\" target=\"_blank\" rel=\"noopener\"><em>TheStreet Crypto<\/em><\/a>. \u201cIn response, Palantir\u2019s CFO, David Glazer said, \u2018The short answer is yes. We\u2019re thinking about it and we\u2019ve even discussed it internally. If you take a look at our balance sheet there\u2019s $2.3 billion in cash at quarter-end including $151 million in cash flow in Q1. So it\u2019s definitely on the table from a treasury perspective as well as other investments as we look across our business and beyond.\u201d<\/p>\n<p>Glazer went on to note that \u201cin terms of accepting bitcoin from our customers, we do accept it as a form of payment. We\u2019re open for business there.\u201d<\/p>\n<p>Palantir is a publicly-traded company with a market capitalization of <a href=\"https:\/\/www.google.com\/finance\/quote\/PLTR:NYSE?sa=X&amp;ved=2ahUKEwig0PTl_MHwAhXPWc0KHV9bBhAQ3ecFMAB6BAgJEBo\" target=\"_blank\" rel=\"noopener\">more than $37 billion<\/a>. It was founded by PayPal cofounder Peter Thiel, whose Founders Fund venture capital firm bought some $15 million worth of bitcoin in 2017. Palantir reported 49% revenue growth in the first quarter of 2021. <\/p>\n<p>In accepting bitcoin for payment, Palantir is among a wave of many other large companies that have recently added this option \u2014 including, <a href=\"https:\/\/bitcoinmagazine.com\/business\/camping-world-to-accept-bitcoin-payments\">Camping World<\/a>, <a href=\"https:\/\/bitcoinmagazine.com\/business\/wework-adopts-bitcoin-payments\">WeWork<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/business\/caruso-to-accept-rent-in-btc-allocate-portion-of-treasury-to-btc\">Caruso<\/a>. And if it were to follow through on its consideration and hold BTC on its balance sheet, Palantir would join the likes of <a href=\"https:\/\/bitcoinmagazine.com\/markets\/its-happening-tesla-buys-1-5-billion-of-bitcoin\">Tesla<\/a>, <a href=\"https:\/\/bitcoinmagazine.com\/markets\/why-does-microstrategy-continue-to-feverishly-accumulate-bitcoin\">MicroStrategy<\/a>, <a href=\"https:\/\/bitcoinmagazine.com\/business\/square-buys-3318-btc-nets-3-51-billion\">Square<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/business\/nexon-buys-1717-bitcoin\">Nexon<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Thiel\u2019s data analytics firm Palantir Technologies is accepting bitcoin payments and may soon hold BTC on its balance sheet.<\/p>\n","protected":false},"author":2705,"featured_media":6468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[604,3040,477,966],"class_list":{"0":"post-16545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-corporate-treasury","9":"tag-palantir","10":"tag-payments","11":"tag-peter-thiel"},"author_data":{"id":2705,"name":"Peter Chawaga","nicename":"peter-chawaga","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/peterc-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitcoin-not-fiat.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2705"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16545"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6468"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}